Small firm finance is a value chain governance issue: new evidence from Latin America

Lizbeth Navas-Alemán, Carlo Pietrobelli and Marco Kamiya

International Journal of Technological Learning, Innovation and Development, 2015, vol. 7, issue 3, 218-243

Abstract: The literature on small and medium-sized enterprises (SME) finance suggests that linkages with large firms in value chains can improve access to credit. This exploratory paper looks at inter-firm linkages and SMEs access to finance and draws on the value chain literature regarding issues of coordination and governance. Using original enterprise-level data (agro-industry in Argentina, furniture in Brazil and ICT in Costa Rica), we compare sources of value chain finance and discuss the role of financial mechanisms based on 'hard data' and relationship finance. Findings confirm the importance of value chain financing and the role of governance in SMEs' access to finance.

Keywords: global value chains; SME finance; small and medium-sized enterprises; SMEs; relationship finance; Brazil; Costa Rica; Argentina; inter-firm linkages; coordination; governance; value chain financing; agro-industry; agriculture; furniture industry; ICT industry; financial mechanisms; access to finance. (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.inderscience.com/link.php?id=70373 (text/html)
Access to full text is restricted to subscribers.

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:ids:ijtlid:v:7:y:2015:i:3:p:218-243

Access Statistics for this article

More articles in International Journal of Technological Learning, Innovation and Development from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().