Empirical analysis of corporate savings in Egypt

Inessa Love

No 5634, Policy Research Working Paper Series from The World Bank

Abstract: This paper presents empirical analysis of corporate savings in Egypt using two datasets: a survey of small and medium enterprises and data from accounting statements for the largest publicly traded firms. There are two main findings. First, larger firms invest more (they have more physical saving) and have greater access to finance than smaller firms. Second, despite the financial deepening, the use of credit products has been declining during the past decade. The study reaffirms the importance of improving access to financial services in Egypt and points out the need for more research. In addition, policies aimed at reducing macroeconomic volatility are likely to result in increased investment and growth in Egypt.

Keywords: Access to Finance; Debt Markets; Economic Theory&Research; Emerging Markets; Investment and Investment Climate (search for similar items in EconPapers)
Date: 2011-04-01
New Economics Papers: this item is included in nep-ara
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