Financial Determinants Of Sme Activity In Developing Countries


Financial Determinants Of Sme Activity In Developing Countries
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Financial Determinants Of Sme Activity In Developing Countries


Financial Determinants Of Sme Activity In Developing Countries
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Author : Piotr Łasak
language : en
Publisher: Cognitione Foundation
Release Date : 2022-01-01

Financial Determinants Of Sme Activity In Developing Countries written by Piotr Łasak and has been published by Cognitione Foundation this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-01-01 with Business & Economics categories.


PURPOSE: The traditional sources of financing (bank loans) cannot be treated as an essential source of financing for SMEs in developing countries. For this reason, this group of entities uses many alternative sources, from bootstrapping to microfinance and crowdfunding. During the last decade, a significant contribution in this area has been done by financial technology. The purpose of this study is threefold: 1) to present the role of financial technologies in financing SMEs, 2) to examine the role of entities based on financial technology in financing SMEs in developing countries, and 3) to consider other non-bank aspects of financing SMEs, leading to the improvement of the financial situation of these entities. The in-depth analysis of these entrepreneurial finance practices will be developed in the following papers presented in this Issue. METHODOLOGY: This study employs a theoretical approach based on a narrative literature review. The primary attention is focused on applying financial technology as a stimulant for the finance of SMEs in developing countries. FINDINGS: As a consequence of the financing gap for SMEs within the traditional financial system, these entities use non-bank financing based on financial technology. The research confirms that financial technology plays a crucial role in fostering the financial situation of SMEs in developing countries and providing greater financial inclusion for these entities. Both, financial technology and enterprises based on this technology contribute significantly to the improvement of efficiency of financing SMEs in emerging markets. They also provide a broader range of services, than were offered by the traditional financial sector. Regarding the other aspects of SME finance, it is essential to implement such ways of financing like microfinance services and crowdfunding. Such funding mechanisms, together with the budget process and the compliance under the conditions of e-tax systems, are important determinants of current entrepreneurial finance. IMPLICATIONS: The paper describes the financing of SMEs in developing countries. The in-depth picture of the SME’s financial situation, focusing on the technological development in this area, provides essential insight into this still poorly explored area. It also offers important premises for shaping the post-pandemic policy to support their further growth. ORIGINALITY/VALUE: Despite growing theoretical and empirical literature about entrepreneurial finance, this study aims to contribute to the role of financial technology in this area. The impact of financial technologies and the role of fintech-based entities on SME activity in developing countries are still poorly researched. Moreover, the research provides a brief overview of other SME funding sources and their determinants in this group of countries.



Foreign Direct Investment And Small And Medium Enterprises


Foreign Direct Investment And Small And Medium Enterprises
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Author : Khee Giap Tan
language : en
Publisher: World Scientific
Release Date : 2015-03-25

Foreign Direct Investment And Small And Medium Enterprises written by Khee Giap Tan and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-03-25 with Political Science categories.


There is a large literature dealing with the spillover effects of foreign direct investment (FDI) flows to emerging and developing economies at the aggregate level. Beyond the aggregate impacts, a growing number of studies also examine the impact of FDI spillovers on firms of different sizes, especially small and medium enterprises (SME). This book is dedicated to exploring issues relating to the various interactions between FDI flows, productivity spillovers and SMEs in Asia and beyond. It studies globalization, FDI, and regional innovation in China, and trade and investment liberalization in India. It analyses how to promote SMEs and enhance labor productivity in Singapore. It investigates the impact of intellectual property rights processes on productivity growth. It documents the use of finance and financing patterns of informal firms. It uses empirical analysis to point out the limitations of traditional banks lending to SMEs and suggests possible policy approaches facilitating them to access growth capital. It also provides an empirical investigation of the main determinants of entrepreneurial activities. Contents:Foreign Direct Investment (FDI), Productivity Spillovers and the Role of Small and Medium Enterprises (SMEs) Financing (Khee Giap Tan and Kong Yam Tan)Globalization, Foreign Direct Investment, and Regional Innovation in China (Yi Zhang and Hein Roelfsema)Trade and Investment Liberalization in India: Implications for Productivity Gains (Ram Upendra Das)Foreign Direct Investment, Intellectual Property Rights, and Productivity Growth (Sasatra Sudsawasd and Santi Chaisrisawatsuk)A New Regime of SME Finance in Emerging Asia: Enhancing Access to Growth Capital and Policy Implications (Shigehiro Shinozaki)Informal Firms and Financial Inclusion: Status and Determinants (Subika Farazi)Promoting SMEs and Enhancing Labor Productivity in Singapore: A Policy Analysis (Khee Giap Tan and Yan Yi Tan)Determinants of Entrepreneurs' Activities: New Evidence from Cross-Country Data (Doaa M Salman) Readership: Academics, policy-makers, professionals, undergraduate and graduate students interested in foreign direct investment, globalization, financing of small and medium enterprises, and labor productivity. Keywords:Foreign Direct Investment;The Spillover Effects;Small and Medium Enterprises;Regional Innovation;Entrepreneurial Activities;Trade and Investment;Bank Lending;Labor Productivity



Entrepreneurial Finance Innovation And Development


Entrepreneurial Finance Innovation And Development
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Author : Vi Dung Ngo
language : en
Publisher: Routledge
Release Date : 2021-11-29

Entrepreneurial Finance Innovation And Development written by Vi Dung Ngo and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-11-29 with Business & Economics categories.


Entrepreneurship is now unanimously considered a major engine for socio-economic development, mainly because it creates jobs and innovation. Governments around the world pay special attention to removing entrepreneurial barriers in order to support development via different policies, especially entrepreneurial finance. Developing, emerging and transition economies (DETEs) significantly differ from industrialized countries because of their specific conditions: institutions, infrastructure facilities, and bureaucratic procedures within the administrative system. Thus, firms and their entrepreneurs in and from DETEs may behave differently, particularly in terms of their financial strategies. Therefore, contextualizing is critical to better understand the relationship between entrepreneurial finance, innovation, and development in DETEs. This book provides a systematic and profound understanding of how finance, entrepreneurship, innovation, and their interactions contribute to economic development in DETEs, which cover a large number of countries in Asia, Central and Eastern Europe, Latin America, and Africa. The book mainly includes empirical studies and is divided into four parts. Part A includes four chapters which adopt a multinational approach to examine different sources and types of finance for entrepreneurship and small business in different groups of countries classified as DETEs. Part B also includes four chapters and focuses on entrepreneurial finance in specific countries belonging to the DETEs. Part C goes beyond the business scope of entrepreneurial finance and includes three chapters concerned with the relationship between finance, women's entrepreneurship, and poverty. Part D includes three chapters focusing on the comparison within developing countries as well as between developing and developed countries. This essential and comprehensive resource will find an audience amongst academics, students, educators, and practitioners, as well as policymakers and regulators.



Small And Medium Size Enterprises In Economic Development


Small And Medium Size Enterprises In Economic Development
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Author : Sidney Winter
language : en
Publisher: World Bank Publications
Release Date : 1995

Small And Medium Size Enterprises In Economic Development written by Sidney Winter 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 1995 with Developing countries categories.




Unlocking Access To Finance For Smes A Cross Country Analysis


Unlocking Access To Finance For Smes A Cross Country Analysis
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Author : Mr.Armand Fouejieu
language : en
Publisher: International Monetary Fund
Release Date : 2020-03-13

Unlocking Access To Finance For Smes A Cross Country Analysis written by Mr.Armand Fouejieu and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-03-13 with Business & Economics categories.


Countries in the MENAP and CCA regions have the lowest levels of financial inclusion of small and medium enterprises (SMEs) in the world. The paper provides empirical evidence on the drivers of SME access to finance for a large sample of countries, and identifies key policy priorities for these two regions: economic and institutional stability, competition, public sector size and government effectiveness, credit information infrastructure (e.g., credit registries), the business environment (e.g., legal frameworks for contract enforcement), and financial supervisory and regulatory capacity. The analysis also shows that improving credit information, economic competition, the business environment along with economic development and better governance would help close the SME financial inclusion gap between MENAP and CCA regions and the best performers. The paper concludes on the need to adopt holistic policy strategies that take into account the full range of macro and institutional requirements and reforms, and prioritize these reforms in accordance with each country’s specific characteristics.



Financial Entrepreneurship For Economic Growth In Emerging Nations


Financial Entrepreneurship For Economic Growth In Emerging Nations
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Author : Woldie, Atsede
language : en
Publisher: IGI Global
Release Date : 2017-07-13

Financial Entrepreneurship For Economic Growth In Emerging Nations written by Woldie, Atsede and has been published by IGI Global this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-07-13 with Business & Economics categories.


Entrepreneurial endeavors are a pivotal driving force behind the modern business sector. These enterprises play a significant role in the development and sustainability of a nation’s economy. Financial Entrepreneurship for Economic Growth in Emerging Nations is an innovative reference source for the latest scholarly research on strategies and techniques for financing small and medium-sized enterprises in the context of developing nations. Including a range of pertinent topics such as microinsurance, risk management, and advertising, this book is ideal for managers, academics, professionals, graduate students, and practitioners interested in the dynamics of financial entrepreneurship.



New Challenges In Entrepreneurship And Finance


New Challenges In Entrepreneurship And Finance
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Author : Marta Peris-Ortiz
language : en
Publisher: Springer
Release Date : 2014-10-24

New Challenges In Entrepreneurship And Finance written by Marta Peris-Ortiz and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-10-24 with Business & Economics categories.


Since the 2008 economic crisis, small and medium-sized enterprises (SMEs) have faced serious financial problems and have been looking to financial institutions and governments for solutions and new proposals to address these issues. This book examines the new challenge in which firms receive sustainable funding that is in alignment with the company’s spending capacity. The purpose of this book is to examine the main theoretical issues and practices regarding entrepreneurship and finance and their impact on performance, innovation and economic growth. It analyzes the fundamental aspects of entrepreneurship and studies ways in which financial institutions can better fulfill their primary function of feeding capital to businesses and the economy as a whole. Entrepreneurship and finance are fundamental to achieving success in economic and social activities. SMEs’ existence and development depend on the initiatives of entrepreneurship and access to resources, especially those of a financial nature. During the recent economic crisis, several new financing instruments have appeared, especially with structures designed for helping SMEs make their way out of the recession. This book explores some of these tools in various global economies, such as France and Spain, providing an international, multidimensional perspective.



Handbook Of Research On Small And Medium Enterprises In Developing Countries


Handbook Of Research On Small And Medium Enterprises In Developing Countries
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Author : Ahmad, Noor Hazlina
language : en
Publisher: IGI Global
Release Date : 2017-02-10

Handbook Of Research On Small And Medium Enterprises In Developing Countries written by Ahmad, Noor Hazlina and has been published by IGI Global this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-02-10 with Business & Economics categories.


Smaller companies are abundant in the business realm and outnumber large companies by a wide margin. Understanding the inner workings of small businesses offers benefits to the consumers and the economy. The Handbook of Research on Small and Medium Enterprises in Developing Countries is an essential handbook for the latest research on the intentions, performance, and application models of independent firms. Featuring exhaustive coverage on a broad range of topics such as green IT, entrepreneurial ventures, and social capital, this publication is ideally designed for researchers, academicians, and practitioners seeking current research on the different opportunities and challenges in relation to this specific sector of business around the globe.



The Economics And Management Of Small Business


The Economics And Management Of Small Business
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Author : Graham Bannock
language : en
Publisher: Psychology Press
Release Date : 2005

The Economics And Management Of Small Business written by Graham Bannock and has been published by Psychology Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Business & Economics categories.


This book provides an international perspective on small business, and includes many useful pedagogical features such as questions for discussion, international case studies and empirical research.



The Economics Of Small Businesses


The Economics Of Small Businesses
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Author : Giorgio Calcagnini
language : en
Publisher: Springer Science & Business Media
Release Date : 2011-01-07

The Economics Of Small Businesses written by Giorgio Calcagnini and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-01-07 with Political Science categories.


Is small still beautiful? The recent economic and financial crisis has shown that developed countries in which firms are smaller suffered the biggest GDP plunges. Today, economic growth depends more than in the past on sound and well-organized firms, which means more innovation, a better educated labor force, higher likelihood of access to financial resources and efficient investments. This does not mean the end of small-sized firms, but that they need to be different from the way they were in the past. This book provides an international perspective on analyses and policy recommendations for how small businesses can reinforce their role in modern economies.