Drivers and Obstacles to Banking SMEs The Role of Competition and the Institutional Framework

How small and medium enterprises (SMEs) finance their operations is a subject of significant interest to policy makers and researchers alike. SMEs account for a sizable share of overall employment levels in both developed and developing countries.¹ Furthermore, since most large companies usually sta...

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Bibliographic Details
Published inReforming Rules and Regulations p. 215
Main Authors Augusto de la Torre, María Soledad Martínez Pería, Sergio L. Schmukler
Format Book Chapter
LanguageEnglish
Published The MIT Press 22.10.2010
Subjects
Administrative law
Bank credit
Bank loans
Bank markets
Banking
Banking regulation
Banking services
Banks
Central banks
Commercial regulation
Credit
Economic disciplines
Economic regulation
Economics
Finance
Financial economics
Financial instruments
Financial markets
Law
Loans
Private banks
Public banks
World Bank
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Summary:How small and medium enterprises (SMEs) finance their operations is a subject of significant interest to policy makers and researchers alike. SMEs account for a sizable share of overall employment levels in both developed and developing countries.¹ Furthermore, since most large companies usually start as small enterprises, the viability of SMEs becomes crucial to any economy wishing to prosper. Concerns are compounded by evidence showing that SMEs tend to be more financially constrained than large firms and that lack of access to finance is an important obstacle to their growth. In particular, SMEs find it difficult to obtain external financing
ISBN:0262014688
9780262014687