Access to Capital for Small and Medium-sized Enterprises in Poland PDF Download

Author: Melanie Anne Feakins
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 738

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Author: Melanie Anne Feakins
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 0

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Author: Aleksander Surdej
Publisher:
ISBN:
Category : Business enterprises
Languages : en
Pages : 52

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Author: Leora Klapper
Publisher: World Bank Publications
ISBN:
Category : New business enterprises
Languages : en
Pages : 60

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Book Description
There is currently a large interest in understanding firms' access to finance, particularly in the financing of small- and medium-size enterprises (SMEs). But the financing patterns of SMEs across countries is not well understood. For example, little is known about the relative importance of equity, debt, and inter-firm financing for SMEs across countries. The authors use the Amadeus database, which includes financial information on over 97,000 private and publicly traded firms in 15 Eastern and Central European countries. The Amadeus database allows the authors the opportunity to provide a new analysis of the general financing patterns of private firms across a large sample of Eastern European countries. The summary statistics show that the size of the SME sector (as measured by the percentage of total employment) in Eastern European countries is smaller than in most developed economies. Although the authors find in almost every country in the sample a large number of SMEs as a percentage of total firms, the SMEs in Eastern Europe are generally small and hire few employees. However, SMEs seem to constitute the most dynamic sector of the Eastern European economies, relative to large firms. In general, the SME sector comprises relatively younger, more highly leveraged, and more profitable and faster growing firms. This suggests that a new type of firm is emerging in transition economies that is more market- and profit-oriented. But at the same time, these firms appear to have financial constraints that impede their access to long-term financing and ability to grow.

Author: OECD
Publisher: OECD Publishing
ISBN: 9264598537
Category :
Languages : en
Pages : 224

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The 9th edition of the Scoreboard on Financing SMEs and Entrepreneurs report provides data from 48 countries around the world on SME lending, alternative finance instruments and financing conditions, as well as information on policy initiatives to improve SME access to finance.

Author: Marie-Renée Bakker
Publisher: World Bank Publications
ISBN: 9788389188175
Category : Factoring (Finance)
Languages : en
Pages : 50

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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.

Author:
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 160

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Author: OECD
Publisher: OECD Publishing
ISBN: 9264579311
Category :
Languages : en
Pages : 294

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Book Description
Small and medium-sized enterprises (SMEs) and entrepreneurs have been hit hard during the COVID-19 crisis. Policy responses were quick and unprecedented, helping cushion the blow and maintain most SMEs and entrepreneurs afloat. Despite the magnitude of the shock, available data so far point to sustained start-ups creation, no wave of bankruptcies, and an impulse to innovation in most OECD countries.

Author:
Publisher: DIANE Publishing
ISBN: 1457815982
Category :
Languages : en
Pages : 314

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Author: Mr.Nicolas R Blancher
Publisher: International Monetary Fund
ISBN: 1484398173
Category : Business & Economics
Languages : en
Pages : 73

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Book Description
The importance of financial inclusion is increasingly recognized by policymakers around the world. Small and medium-sized enterprise (SME) financial inclusion, in particular, is at the core of the economic diversification and growth challenges many countries are facing. In the Middle East and Central Asia (MENAP and CCA) regions, SMEs represent an important share of firms, but the regions lag most others in terms of SME access to financing.