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problems in financing. But such ties also increase the entrepreneur's aversion to failure. This makes financing from family and … though they relax financing constraints. We relate this insight to the limited success of group-based microfinance in … middle ; financing gap ; risk capital ; social collateral …
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informational advantages whereas formal finance is scalable. Using unique survey data from China, we find that informal finance is …
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The recent financial crisis has reopened the debate on the impact of informal and formal finance on firm growth in developing countries. Using unique survey data, we find that informal finance is associated with higher sales growth for small firms and lower sales growth for large firms. We...
Persistent link: https://www.econbiz.de/10013080485
The recent financial crisis has reopened the debate on the impact of informal and formal finance on firm growth in developing countries. Using unique survey data, we find that informal finance is associated with higher sales growth for small firms and lower sales growth for large firms. We...
Persistent link: https://www.econbiz.de/10013080507
The recent financial crisis has reopened the debate on the impact of informal and formal finance on firm growth in developing countries. Using unique survey data, we find that informal finance is associated with higher sales growth for small firms and lower sales growth for large firms. We...
Persistent link: https://www.econbiz.de/10013063554