A New Regime of SME Finance in Emerging Asia: Enhancing Access to Growth Capital and Policy Implications

Shigehiro Shinozaki

Chapter 5 in Foreign Direct Investment and Small and Medium Enterprises:Productivity and Access to Finance, 2015, pp 77-103 from World Scientific Publishing Co. Pte. Ltd.

Abstract: While finance is critical for small and medium-sized enterprises (SMEs) to survive and grow, most SMEs suffer from poor access to finance. Given the pronounced global financial uncertainty, stable access to appropriate funding sources has become even more difficult for SMEs to attain. Lessons from the global financial crisis have motivated many countries to consider SME access to finance beyond conventional bank credit and to diversify their domestic financial systems. This chapter uses empirical analysis to point out the limitations of traditional bank lending to SMEs and suggests possible policy approaches facilitating them to access growth capital.

Keywords: Foreign Direct Investment; The Spillover Effects; Small and Medium Enterprises; Regional Innovation; Entrepreneurial Activities; Trade and Investment; Bank Lending; Labor Productivity (search for similar items in EconPapers)
Date: 2015
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