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Enterprise Size, Financing Patterns, and Credit Constraints in Brazil: Analysis of Data from the Investment Climate Assessment Survey

Anjali Kumar and Manuela Francisco ()

No 7330 in World Bank Publications - Books from The World Bank Group

Abstract: Enterprise Size, Financing Patterns, and Credit Constraints in Brazil investigates the importance of firm size with respect to accessing credit. The principal findings are that size strongly affects access to credit compared to firm performance, and other factors, such as management education, location or the industrial sector to which the firm belongs. Additional findings are that the impact of size on access to credit is greater for longer term loans and that public financial institutions are more likely to lend to large firms. Finally, financial access constraints may have a less significant differential impact across firms of different sizes than other constraints, though cost of finance as a constraint is very important.

Keywords: Finance; and; Financial; Sector; Development-Microfinance; Economic; Theory; and; Research; Banks; and; Banking; Reform; Finance; and; Financial; Sector; Development-Financial; Intermediation; Infrastructure; Economics; and; Finance-Private; Participation; in; Infrastructure (search for similar items in EconPapers)
Date: 2005
ISBN: 987-0-8213-6129-0
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (27)

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