 SME funding-gap and financing: a comprehensive literature reviewEbes Esho and Grietjie Verhoef () International Journal of Globalisation and Small Business, 2022, vol. 13, issue 2, 164-191 Abstract: Small and medium enterprises (SMEs) generally face more financing constraints than large businesses. However, the voluminous literature on SME financing has remained largely fragmented. This makes it difficult to harmonise findings that could potentially help SMEs in their search for more financing. This paper presents a review of extant research on SME finance and the financing constraints they face, with a focus on developing countries. The review reveals that although there are various sources of finance available to SMEs, some are more readily accessible than others because certain sources are still rudimentary in many developing countries. Certain demographics of SME owners and managers, such as age, education level, and gender, affect the ease with which SMEs can access finance. However, a lack of theory on SME funding still limits extant understanding of SME financing as most extant studies were conducted without providing any theoretical foundation. The paper concludes by providing a framework and some suggestions for a research agenda that could aid in this regard. Keywords: funding-gap; SMEs; financing; literature review; small business. (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ids:ijgsbu:v:13:y:2022:i:2:p:164-191 Access Statistics for this article More articles in International Journal of Globalisation and Small Business from Inderscience Enterprises Ltd |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.