SME finance

Meghana Ayyagari, Asli Demirguc-Kunt and Vojislav Maksimovic

No 8241, Policy Research Working Paper Series from The World Bank

Abstract: This paper takes stock of the empirical evidence on the financing challenges faced by small and medium enterprises, especially in developing countries. The paper first discusses the institutional constraints that impede access to finance, including the lack of reliable credit information, lack of suitable collateral, and weak legal institutions. It next highlights firm heterogeneity among small and medium enterprises in accessing finance. The focus is on various policies and reforms that have been shown to be effective in improving access to credit for small and medium enterprises. The paper concludes by highlighting areas where new research could be effective.

Keywords: Technology Innovation; Technology Industry; Finance and Development; Financial Economics (search for similar items in EconPapers)
Date: 2017-11-13
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Persistent link: https://EconPapers.repec.org/RePEc:wbk:wbrwps:8241

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