The Impact of Access to Finance on the Performance of the SME Sector

Erika-Maria Doaca ()
Additional contact information
Erika-Maria Doaca: Alexandru Ioan Cuza†University of Iasi

Ovidius University Annals, Economic Sciences Series, 2021, vol. XXI, issue 2, 993-1002

Abstract: In this research paper we aimed to analyze the impact of access to finance on the performance of SMEs. The aim of the research is to evaluate empirically and analyze the effects of changes in the macroeconomic environment, in particular the access of bank loans to companies on the performance of SMEs. In order to reflect a more realistic picture of the influence of macroeconomic factors on the performance of the SME sector, the analysis covered a period of 10 years (2009-2018). Overall, the empirical study reveals that the main determinants of SME sector performance are gross capital formation and real GDP growth rate.

Keywords: access to finance; SME performance; macroeconomic environment; added value (search for similar items in EconPapers)
JEL-codes: C33 L25 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://stec.univ-ovidius.ro/html/anale/RO/2021-2/Section%205/10.pdf (application/pdf)

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:ovi:oviste:v:xxi:y:2021:i:2:p:993-1002

Access Statistics for this article

Ovidius University Annals, Economic Sciences Series is currently edited by Spatariu Cerasela

More articles in Ovidius University Annals, Economic Sciences Series from Ovidius University of Constantza, Faculty of Economic Sciences Contact information at EDIRC.
Bibliographic data for series maintained by Gheorghiu Gabriela ().