Restricted access to finance is often stated as one of the main obstaclesto the development of the SME sector in Russia. In this paper, wepropose a new lending strategy that allows private banks to profitablyincrease financing of this sector in spite of being at a disadvantagecompared to the...

Die aktuelle wirtschaftliche Situation bringt mittelständische Unternehmen oft an dieGrenze des Machbaren. Auftragsrückgang, Liquiditätsengpaß – nur um zwei Beispiele zunennen – kennzeichnen den momentanen Zustand vieler kleiner und mittlerer Unternehmenin Deutschland....

Despite the need to foster a technology-intensive industry, most Korean SMEs (small and medium-sized enterprises) are faced with the difficulty of raising funds. To resolve this problem, the government set up the technology credit fund to give loans to enterprise that achieve a certain...