Financial Problems of Small and Medium-Sized Enterprises in Turkey

Durmuş Yıldırım, Ozlem Tosuner Unal and Ayfer Gedikli

International Journal of Academic Research in Business and Social Sciences, 2015, vol. 5, issue 1, 27-37

Abstract: The main of this paper is to examine the access to finance as one of the major problems faced by SMEs in Turkey. After discussing the current status of SMEs in Turkey, their difficulties in the context of the financial crisis, their current importance in Turkish economy and as an example of policy implication Credit Guarantee Fund will be discussed. In our study, we attempted to show the effectiveness of the Credit Guarantee Fund in access to finance opportunities for SMEs during the period 1990-2013/2014. Since 2006 when the efficiency of CGF has increased, structural break was found in commercial loans series. Thus existing of a significant impact of CGF on commercial loans has been showed. Also, during the related period, Granger Causality method revealed that an increased in commercial loans have an impact on new investments. As a result, it has been concluded that CGF by increasing the volume of commercial loans contribute to the country’s current capital stock.

Keywords: SMEs; Financial issues; Commercial Loans; Fixed Capital Formation; Credit Guarantee Fund (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://hrmars.com/hrmars_papers/Financial_Problems ... prises_in_Turkey.pdf (application/pdf)
http://hrmars.com/hrmars_papers/Financial_Problems ... prises_in_Turkey.pdf (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hur:ijarbs:v:5:y:2015:i:1:p:27-37

Access Statistics for this article

More articles in International Journal of Academic Research in Business and Social Sciences from Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences
Bibliographic data for series maintained by Hassan Danial Aslam ().