منابع مشابه
Small and Medium-Size Enterprises: Access to Finance as a Growth Constraint
This paper presents recent research on access to finance by Small and Medium-Size Enterprises (SMEs). SMEs form a large part of private sector in many developed and developing countries. While cross-country research sheds doubt on a causal link between SMEs and economic development, there is substantial evidence that small firms face larger growth constraints and have less access to formal sour...
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متن کاملBankruptcy and small firms’ access to credit
We investigate how personal bankruptcy law affects small firms’ access to credit. When a firm is unincorporated, its debts are personal liabilities of the firm’s owner, so that lending to the firm is legally equivalent to lending to its owner. If the firm fails, the owner has an incentive to file for personal bankruptcy, since the firm’s debts will be discharged. The higher the exemption level,...
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ژورنال
عنوان ژورنال: Journal of Banking and Financial Economics
سال: 2014
ISSN: 2353-6845
DOI: 10.7172/2353-845.jbfe.2014.1.2