Is Bank Loan Funding to SMEs in North Africa a Matter of Size?

Philippe Adair and Imène Berguiga ()
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Imène Berguiga: IHEC-University of Sousse; ERUDITE Research Team

No 10913130, Proceedings of Economics and Finance Conferences from International Institute of Social and Economic Sciences

Abstract: The paper tackles the bank loan issue according to the size of 3,896 businesses, a sample from the World Bank Enterprises Survey conducted as of 2013 in Egypt, Morocco and Tunisia. First, the sample is adjusted with respect to international standards. Second, businesses that did not apply vs. those that did apply for a loan are investigated as regards corporate finance theory. Third, a logistic model addresses the demand and the supply of 1,020 businesses that applied for a loan. Characteristics of businesses -Size, Age, Registration and Financial inclusion influence loan demand, whereas Financial inclusion and Collateral influence loan supply.

Keywords: Bank loans; Corporate finance; Logistic regressions; North Africa; SMEs (search for similar items in EconPapers)
JEL-codes: G21 G32 (search for similar items in EconPapers)
Pages: 18 pages
Date: 2020-07
New Economics Papers: this item is included in nep-ara and nep-fle
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Published in Proceedings of the Proceedings of the 13th Economics & Finance Conference, Prague, Jul 2020, pages 23-40

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Persistent link: https://EconPapers.repec.org/RePEc:sek:iefpro:10913130

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