simply increasing access to finance can have important economic effects …

finance in countries with stronger rule of law and better credit information, and that the reliance of young firms on informal … finance decreases with the availability of credit information. Overall, the results suggest that improvements to the legal … environment and availability of credit information are disproportionately beneficial for promoting access to formal finance by …

firms mature, more firms switch out of informal finance toward bank finance, while the total proportion of firms using … external finance remains relatively unchanged. Importantly, these relationships hold for firms of different sizes, firms in …'s ability to obtain bank finance. …

finance in countries with stronger rule of law and better credit information, and that the reliance of young firms on informal … finance decreases with the availability of credit information. Overall, the results suggest that improvements to the legal … environment and availability of credit information are disproportionately beneficial for promoting access to formal finance by …