The Role Of Factoring For Financing Small And Medium Enterprises
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The Role Of Factoring For Financing Small And Medium Enterprises
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Author : Leora Klapper
language : en
Publisher: World Bank Publications
Release Date :
The Role Of Factoring For Financing Small And Medium Enterprises written by Leora Klapper 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 with categories.
"Around the world, factoring is a growing source of external financing for corporations and small and medium-size enterprises (SMEs). What is unique about factoring is that the credit provided by a lender is explicitly linked to the value of a supplier ' s accounts receivable and not the supplier ' s overall creditworthiness. Therefore, factoring allows high-risk suppliers to transfer their credit risk to their high-quality buyers. Factoring may be particularly useful in countries with weak judicial enforcement and imperfect records of upholding seniority claims because receivables are sold, rather than collateralized, and factored receivables are not part of the estate of a bankrupt SME. Empirical tests find that factoring is larger in countries with greater economic development and growth and developed credit information bureaus. In addition, the author finds that creditor rights are not related to factoring ... " -- Cover verso.
The Role Of Factoring For Financing Small And Medium Enterprises
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Author : Leora Klapper
language : en
Publisher:
Release Date : 2005
The Role Of Factoring For Financing Small And Medium Enterprises written by Leora Klapper and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Factoring (Finance) categories.
"Around the world, factoring is a growing source of external financing for corporations and small and medium-size enterprises (SMEs). What is unique about factoring is that the credit provided by a lender is explicitly linked to the value of a supplier ' s accounts receivable and not the supplier ' s overall creditworthiness. Therefore, factoring allows high-risk suppliers to transfer their credit risk to their high-quality buyers. Factoring may be particularly useful in countries with weak judicial enforcement and imperfect records of upholding seniority claims because receivables are sold, rather than collateralized, and factored receivables are not part of the estate of a bankrupt SME. Empirical tests find that factoring is larger in countries with greater economic development and growth and developed credit information bureaus. In addition, the author finds that creditor rights are not related to factoring ... " -- Cover verso.
Financing Small And Medium Size Enterprises With Factoring
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Author : Marie-Renée Bakker
language : en
Publisher: World Bank Publications
Release Date : 2004
Financing Small And Medium Size Enterprises With Factoring written by Marie-Renée Bakker 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 2004 with Factoring (Finance) categories.
Factoring is a form of asset-based finance where the credit is extended based on the value of the borrower's accounts receivable. In recent years factoring has experienced phenomenal growth and has become an important source of financing--especially short-term working capital--for small and medium-size enterprises and corporations, reaching a worldwide volume of 760 billion euro in 2003. Although the importance of factoring varies considerably around the world, it occurs in most countries and is growing especially quickly in many developing countries. Bakker, Klapper, and Udell explore the advantages of factoring over other types of lending for firms in developing economies, and discuss the informational, legal, tax, and regulatory barriers to its growth. They also examine the role of factoring in the eight Eastern European countries that became EU members on May 1, 2004--the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, the Slovak Republic, and Slovenia, referred to as the EU 8. The authors conclude that factoring offers key advantages over other lending products and is likely to become more important in these countries, and suggest policies to accelerate its development. This paper--a joint product of the Finance Team, Development Research Group and the Private and Financial Sector Development Department--is part of a larger effort in the Bank to study access to financing.
Financing Small And Medium Size Enterprises With Factoring
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Author : Marie H. R. Bakker
language : en
Publisher:
Release Date : 2016
Financing Small And Medium Size Enterprises With Factoring written by Marie H. R. Bakker and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
Factoring is a form of asset-based finance where the credit is extended based on the value of the borrower's accounts receivable. In recent years factoring has experienced phenomenal growth and has become an important source of financing - especially short-term working capital - for small and medium-size enterprises and corporations, reaching a worldwide volume of 760 billion euro in 2003. Although the importance of factoring varies considerably around the world, it occurs in most countries and is growing especially quickly in many developing countries. Bakker, Klapper, and Udell explore the advantages of factoring over other types of lending for firms in developing economies, and discuss the informational, legal, tax, and regulatory barriers to its growth. They also examine the role of factoring in the eight Eastern European countries that became EU members on May 1, 2004 - the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, the Slovak Republic, and Slovenia, referred to as the EU 8. The authors conclude that factoring offers key advantages over other lending products and is likely to become more important in these countries, and suggest policies to accelerate its development.This paper - a joint product of the Finance Team, Development Research Group and the Private and Financial Sector Development Department - is part of a larger effort in the Bank to study access to financing.
The Role Of Factoring In Modern Business Finance
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Author : Clyde William Phelps
language : en
Publisher:
Release Date : 1962
The Role Of Factoring In Modern Business Finance written by Clyde William Phelps and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1962 with Accounts receivable categories.
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.
The Role Of Factoring In Modern Business Finance
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Author : Clyde William Phelps
language : en
Publisher:
Release Date : 2012-05-01
The Role Of Factoring In Modern Business Finance written by Clyde William Phelps and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-05-01 with categories.
How To Run A Small Factoring Business
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Author : Jeff Callender
language : en
Publisher: Dash Point Publishing
Release Date : 2012-09
How To Run A Small Factoring Business written by Jeff Callender and has been published by Dash Point Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-09 with Business & Economics categories.
This practical, hands-on manual teaches everything you need to know about starting and running a small factoring business. With common sense directions and first-person experiences giving a "been there" flavor to each page, you’ll learn how factoring small receivables can be a lucrative, enjoyable business and an excellent tool for investing retirement or discretionary investment funds.
Factoring As A Method Of Financing Smes
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Author : Lidia Baca
language : en
Publisher:
Release Date : 2012
Factoring As A Method Of Financing Smes written by Lidia Baca 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 purpose of this thesis is to present factoring as an alternative form of financing small and medium-sized enterprises (SMEs) and to show how the Swiss factoring market looks like. After an introduction to the factoring service, its functions, advantages and drawbacks, this paper focuses on identifying the profile of a company for which factoring is an appropriate service. This is done both from a factor's and a company's perspective. The analytical part follows and refers to a survey of Swiss factors associated in the Schweizericher Factoringverband. Factoring companies give an overview of the Swiss factoring market, including what type of factoring is popular in Switzerland, why firms decide to use it, what is important for factors when deciding whether to finance a client. Moreover, it presents the expectations about the future development of the service. The factoring market is still a niche market when it comes to the share of Swiss GDP. The main conclusion from the research is that factoring in Switzerland is following worldwide trends and characteristics of the service. The results are mostly in line with other analyses that were done based on data from UK and US. The factoring market is growing in Switzerland and worldwide. The outlook for the future is positive and further growth is predicted. Future developments, like introduction of Basel III, can make the service even more attractive. The main barrier for the development of the Swiss factoring market is the lack of awareness of the factoring service.
The European Observatory For Smes
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Author : European Observatory for SMEs
language : en
Publisher:
Release Date : 2000
The European Observatory For Smes written by European Observatory for SMEs and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Arbejdsmarkedet categories.
Against the background of completing the European Single Market is the observance and monitoring of small and medium-sized enterprises (SMEs). With about 20 million such businesses, employing some 117 million people, SMEs represent an economic lynchpin to the success of the Single Market concept. This 6th report, from the Observatory, and prepared by a consortium led by KPMG Consulting, focuses on the economic and financial needs of SMEs. Specific chapters look at their products and services, the recruitment and training of staff, particulary vocational training, and their access to investment. The report is concluded with the set of policy recommendations, which are aimed at strengthening the entrepreneurial culture. These recommendations include: to provide more information on public procurement to SMEs; to promote further resarch on the impact of electronic commerce on the position of SMEs.
