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We model the organizational choice of a small firm given formal and informal credit market parameters. We observe a positive relationship between the size of the informal sector and the spread across countries. We take spread as relative inefficiency of the formal credit markets. Furthermore we...
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In a relatively recent paper, Gehrig and Stenbacka (Eur Econ Rev 51, 77–99, 2007) show that information sharing increases banks’ profits to the detriment of creditworthy entrepreneurs in a model of a banking duopoly with switching costs and poaching. They restrict their analysis to the case...
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of the relationship between VC financing and the profitability of portfolio companies in Uganda, a rapidly growing VC … propel early-stage firms' success in Uganda, and in similar emerging economies. Secondly, our results contribute to extant … knowledge about recent developments in Uganda's VC industry and how it influences the profitability trends of SMEs, also in …
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