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...
Saved in:
Published in | Reforming Rules and Regulations p. 215 |
---|---|
Main Authors | , , |
Format | Book Chapter |
Language | English |
Published |
The MIT Press
22.10.2010
|
Subjects | |
Online Access | Get full text |
Cover
Loading…
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 |