A More Complete Conceptual Framework For Financing Of Small And Medium Enterprises
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A More Complete Conceptual Framework For Financing Of Small And Medium Enterprises
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Author : Allen N. Berger
language : en
Publisher: World Bank Publications
Release Date : 2005
A More Complete Conceptual Framework For Financing Of Small And Medium Enterprises written by Allen N. Berger and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Commercial credit categories.
The authors propose a more complete conceptual framework for analysis of credit availability for small and medium enterprises (SMEs). In this framework, lending technologies are the key conduit through which government policies and national financial structures affect credit availability. They emphasize a causal chain from policy to financial structures which affect the feasibility and profitability of different lending technologies. These technologies, in turn, have important effects on SME credit availability. Financial structures include the presence of different financial institution types and the conditions under which they operate. Lending technologies include several transactions technologies, plus relationship lending. The authors argue that the framework implicit in most of the literature is oversimplified, neglects key elements of the chain, and often yields misleading conclusions. A common oversimplification is the treatment of transactions technologies as a homogeneous group, unsuitable for serving informationally opaque SMEs, and a frequent misleading conclusion is that large institutions are disadvantaged in lending to opaque SMEs.
A More Complete Conceptual Framework For Financing Of Small And Medium Enterprises
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Author : Allen N. Berger
language : en
Publisher:
Release Date : 2012
A More Complete Conceptual Framework For Financing Of Small And Medium Enterprises written by Allen N. Berger and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with categories.
The authors propose a more complete conceptual framework for analysis of credit availability for small and medium enterprises (SMEs). In this framework, lending technologies are the key conduit through which government policies and national financial structures affect credit availability. They emphasize a causal chain from policy to financial structures which affect the feasibility and profitability of different lending technologies. These technologies, in turn, have important effects on SME credit availability. Financial structures include the presence of different financial institution types and the conditions under which they operate. Lending technologies include several transactions technologies, plus relationship lending. The authors argue that the framework implicit in most of the literature is oversimplified, neglects key elements of the chain, and often yields misleading conclusions. A common oversimplification is the treatment of transactions technologies as a homogeneous group, unsuitable for serving informationally opaque SMEs, and a frequent misleading conclusion is that large institutions are disadvantaged in lending to opaque SMEs.
A Guide To Sme Financing
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Author : D. Munro
language : en
Publisher: Springer
Release Date : 2013-07-26
A Guide To Sme Financing written by D. Munro and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-07-26 with Business & Economics categories.
A Guide to SME Finance is a brief guide to designing and implementing an SME finance program within a commercial bank or other financial institution, such as an NGO. This work covers the rationale behind SME finance why it makes sense for a bank to enter this market sector, followed by a step-by-step approach to designing and implementing the program. Munro highlights the need to automate the lending process, and offers a lengthy description of how this can be accomplished. Examples of loan application, analysis, and approval forms and templates are included along with instructions for use. Additional formats are provided for loan officer goals and periodic reviews, portfolio and relationship profitability management, as well as a model credit score card to use as a 'sift' for loan applicants.
Financial Markets Sme Financing And Emerging Economies
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Author : Giusy Chesini
language : en
Publisher: Springer
Release Date : 2017-10-11
Financial Markets Sme Financing And Emerging Economies written by Giusy Chesini and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-10-11 with Business & Economics categories.
This book investigates small and medium sized enterprises (SMEs) access to credit, the earning quality, and the cost of debt in the European Union. It also examines two important risk measures in financial markets: the volatility index (VIX) and Credit Default Swaps (CDS). Finally, it deep dives inside one of the most important emerging markets, China, to assess monetary policy and the relationship between financial institutions and real estate firms. This work will appeal to both academics and practitioners in the areas of SME financing, financial markets and emerging economies.
Expanding Access To Finance
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Author :
language : en
Publisher: World Bank Publications
Release Date : 2007-01-01
Expanding Access To Finance written by and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-01-01 with Social Science categories.
This book's prime audience is government policy-makers. It provides a policy framework for governments to increase micro, small and medium enterprises' access to financial services?one which is based on empirical evidence from around the world. Financial sector policies in many developing countries often work against the ability of commercial financial institutions to serve this market segment, albeit, often unintentionally. The framework guides governments on how to best focus scarce resources on three things: ? developing an inclusive financial sector policy; ? building healthy financial ins
The Sme Financing Gap Vol I Theory And Evidence
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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2006-10-25
The Sme Financing Gap Vol I Theory And Evidence written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-10-25 with categories.
Analyzes the lack of funding for small and medium-sized enterprises (SMEs) and recommends measures to foster an improved flow of financing.
Sme Finance
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Author : Chokey Wangmo
language : en
Publisher: Nova Science Publishers
Release Date : 2021
Sme Finance written by Chokey Wangmo and has been published by Nova Science Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021 with Business & Economics categories.
"This book, titled SME Finance: Constraints and an Information Asymmetric Perspective, studies the gap between bank financing and the small and medium sized enterprises (SME) sector, based on the economic theories of information asymmetry and agency theory. Access to finance continues to remain one of the key constraints faced by SMEs to start and expand businesses, particularly in the developing economies where access to bank loans is subject to the availability of collateral. The SME financing gap, studied from the perspectives of both the key actors - banks and SMEs - is well presented in this book. The authors have used Sequential Explanatory Design, a mixed methodology, to collect data from SMEs and banks. The econometric model of the study represented SMEs' debt accessibility as a function of independent variables of loan repayment capacity, financial information, characteristics of the firm and owner and bank loan characteristics. The book provides empirical evidence that SME financing constraints are caused by factors arising from SMEs as well as the banks, primarily SMEs' high information opacity and banks' imposition of collateral to offset the credit risk. In the estimation of the econometric model, the size of collateral and owner's equity were among the most significant predictor variables. Likewise, the thematic analysis of interview data of credit officers to understand the banks' lending behavior evidenced a strong positive relationship between the size of the collateral and owner's equity and access to bank loans. SMEs' high information opacity and credit risk induced adverse selection and credit rationing on the part of finance providers. The findings of this book contribute towards academic literature on developing economies characterized by limited data available for academic and empirical research. This book provides a unique example of rigorous research on SME finance within an information economics framework. The theoretical issues are nicely balanced by the practical application of information economics to an emerging market. It can be used as a reference by researchers, academics, practitioners and policy makers in the areas of development finance, banking, development economics, microfinance and rural development. In addition, it can be used as an academic reference for a finance subject at the Master's or Doctoral level. The book is relevant to key stakeholders in understanding the debt inaccessibility from SMEs and the banks in drafting policies and measures to address the SME financing gap"--
The Small And Medium Enterprise Ecosystem In Ethiopia
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Author : Ajebush Argaw Shafi
language : en
Publisher:
Release Date : 2022
The Small And Medium Enterprise Ecosystem In Ethiopia written by Ajebush Argaw Shafi and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022 with Manufacturing industries categories.
"In this book the authors have designed comprehensive empirical studies and identified the impacts of access to finance on the Small and Micro Enterprises (SMEs) performance. The authors applied a mix of different methodologies ranging from developing a conceptual framework to an empirical study to investigate how, and to what extent, access to finance influences Small and Micro Enterprises (SMEs) performance. The motivation for the study was that the link between SMEs performance and use of bank credit is inconclusive. The study helps to understand the developed world financial theory and developing countries actual situation; thus, it helps to bridge the gap between theory and practices and strategically inform business decisions. It also helps to micro business owners to think and choose whether to engage in borrowing from the bank or not; and to choose the right financing sources for their micro firms by considering the risk of borrowing from banks ahead. Furthermore, the study could be an important source of scientific evidence to stakeholders and policy makers. It will be also a basis for future studies on understanding SMEs and financing dynamics"--
Determinants Of Bank Involvement With Smes
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Author : Victor U. Ekpu
language : en
Publisher: Springer
Release Date : 2015-12-23
Determinants Of Bank Involvement With Smes written by Victor U. Ekpu and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-12-23 with Business & Economics categories.
This book is a comprehensive, yet concise text that brings together all aspects of SME banking theories and empirical studies in one text. The book contains the latest policy debates on money creation and credit rationing and the relative role of demand-side and supply-side factors affecting SME financing. Readers will understand the borrower-specific, lender-specific and business environment drivers of bank finance for SMEs as well as the determinants of loan contract terms, particularly the risk premium and collateral. Readers will also understand how loan officers acquire proprietary information on SMEs and apply various lending techniques, such as financial statement lending, relationship lending and credit scoring to the loan underwriting process. In addition, the book also features recent trends on the rise of alternative finance intermediaries such as online peer-to-peer lenders and the competitive implications for traditional banks providing loans to SMEs. Findings from this work will thus be of particular interest to commercial bankers, bank-dependent small business borrowers as well as policy makers, and researchers in central banks, development banks, development agencies and international financial institutions.
Handbook Of Quantitative Research Methods In Entrepreneurship
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Author : George Saridakis
language : en
Publisher: Edward Elgar Publishing
Release Date : 2020-06-26
Handbook Of Quantitative Research Methods In Entrepreneurship written by George Saridakis and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-06-26 with Business & Economics categories.
This Handbook will be an invaluable original reference tool for both researchers and students embarking on a new research project. It will be useful both for those who are using quantitative data for the first time and for more experienced researchers who are interested in new quantitative techniques and methods.