Financing in Developing Countries

Meghana Ayyagari, Asli Demirguc-Kunt and Vojislav Maksimovic

Chapter Chapter 10 in Handbook of the Economics of Finance, 2013, vol. 2, pp 683-757 from Elsevier

Abstract: This chapter reviews and synthesizes theoretical and empirical research on the role of finance in developing countries. First, the paper presents the stylized facts about firms in developing nations as well as the legal, financial, and broader institutional framework in which these firms operate. Next, the paper focuses on the financing choices available to small and medium firms in developing countries and highlights areas needing additional research.

Keywords: Financial development; Banks; Markets; Corporate finance; Growth; SMEs (search for similar items in EconPapers)
JEL-codes: G00 G3 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finchp:2-a-683-757

DOI: 10.1016/B978-0-44-453594-8.00010-0

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