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Financing Resources for Egyptian Small and Medium Enterprises

Rola El Kabbani () and Christian Kalhoefer ()
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Rola El Kabbani: Faculty of Management Technology, The German University in Cairo
Christian Kalhoefer: Faculty of Management Technology, The German University in Cairo

No 28, Working Papers from The German University in Cairo, Faculty of Management Technology

Abstract: Even though small and medium enterprises (SMEs) represent the majority of the Egyptian firms, their value added is relatively low. According to previous research, SMEs face a financing gap that causes undercapitalization and represents an obstacle that hinders SMEs from growth. This paper analyzes the current situation of SMEs in Egypt and addresses the question whether the financing problem still exists. In addition, we discuss the role of venture capital as a possible source of financing. Based on data which has been gathered using questionnaires, it is investigated whether Egyptian SMEs do know and would accept venture capital financing for their businesses. Our results show that access to finance is still a significant bottleneck for Egyptian SMEs. Venture capital financing could help to close this financing gap.

Keywords: SME; Financing Gap; Venture Capital (search for similar items in EconPapers)
JEL-codes: G24 (search for similar items in EconPapers)
Pages: 20 pages
Date: 2011-04
New Economics Papers: this item is included in nep-ara, nep-cfn, nep-ent and nep-sbm
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http://mgt.guc.edu.eg/wpapers/028kabbani_kalhoefer2011.pdf First version, 2011 (application/pdf)

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