Access to Finance by Small and Medium Enterprises: a Cross‐Country Analysis with A New Data Set

Ardıç, Oya Pınar; Mylenko, Nataliya; Saltane, Valentina

doi:10.1111/j.1468-0106.2012.00596.x

Cited by 48 publications

(25 citation statements)

References 43 publications

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“…Our results present affirmative results with the works of other authors. Ardic, Mylenko, and Saltana (2012) state that the problem of obtaining of the bank loans by the SMEs has further increased during the economic crisis, when SME financing was significantly reduced in the developed countries. Economic & Social Research Council (2010) states that overdraft loan rejections increased 3½ times (from 4.2% to 15.3%), term loan rejections increased 2½ times (from 6.1% to 16.3%), overdraft margins increased by 83% (from 2.4% points to 4.4% points over base), overdraft arrangement fees increased by 86% (from £237 to £442), term loan margins increased by 68% (from 2.2% to 3.7% points over base), term loan arrangement fees increased by 37% (from £1,074 to £1,468) in the United Kingdom in 2008.…”

Section: Resultsmentioning

confidence: 99%

Microenterprises and Significant Risk Factors in Loan Process

Belás¹,

Vojtovič²,

Ključnikov³

2016

Economics &Amp; Sociology

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Microenterprises-small companies with their own characteristic features-are a major component of the economic system, which brings positive effects on employment, increases the supply of goods and services, promotes the growth of competition in the market and performs other important functions in the economic system. Microenterprises face sufficient problems with the access to bank financing, which is a base for their sustainable growth. The aim of this paper was to define and quantify significant risk factors of microenterprises' credit financing in the current dynamic economic environment and to compare the significant position of these undertakings in relation to commercial banks by gender, education of the entrepreneur and the company's age. Our research confirmed the impact of the age of the company in the perception of the growing important of the credit risk during the crisis, and the level education of the entrepreneur in relation to the familiarity with the conditions under which the banks provide loans. All other monitored factors do not have any statistically significant impact on the monitored risk factors in the loan process. Our results show that the main problems of the micro enterprises are an absolute unfamiliarity with the credit conditions of the commercial banks across the entire spectrum of the researched groups, and their persuasion of the lending criteria to be non-transparent.

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Section: Resultsmentioning

confidence: 99%

Microenterprises and Significant Risk Factors in Loan Process

Belás¹,

Vojtovič²,

Ključnikov³

2016

Economics &Amp; Sociology

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“…The assumption that an access to finance is necessary for growth and further development of SMEs was also proven by such authors as Mercieca, Schaeck and Wolfe (2009). Ardic, Mylenko and Saltane (2012), researchers at the World Bank, reported on SMEs access to finance in the form of a cross-country analysis and they agreed that access to finance of SMEs is strongly correlated to their growth. Mueller and Zimmermann (2009) state that the lack of the access to finance is a great constraint especially for smaller companies.…”

Section: Difficulties In Financing Of Smes -Literature Reviewmentioning

confidence: 85%

Do SMEs in Slovakia face real difficulties in obtaining financing? Comparison of the studies from Slovakia and the EU

Ključnikov¹,

Majková²,

Schwendemann³

et al. 2016

Journal of International Studies

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Abstract. Financial crises and worsening economic and business conditions reduce the number of enterprises in Slovakia. Many relevant institutions declare that barriers for doing business are increasing and many small companies have problems with financing. We decided to compare several scientific research studies from Slovakia and provide an answer to the question: Do SMEs in Slovakia really have problems with obtaining financial resources or is it just an overused assumption? Do companies face this type of financial risk? The aim of this article is to bring an answer to this question on the basis of the results of two scientific research studies conducted in Slovakia and focused on business and finance. The first was conducted in cooperation with the Association of Young Entrepreneurs and the second was part of international research at the Pan-european University in Bratislava and The University of Tomáš Baťa in Zlín. Both were realized in 2011-2013.The paper compares the obtained evidence with the statistical data from the EU. The comparison of Slovak and EU results concerning the situation with SMEs access to financing in Slovakia allowed to identify the differences and similarities regarding the stated hypotheses. This comparison offers a wider view on the situation in Slovakia and other EU countries.The results of our Studies, Vol. 9, No 3, pp. 36-52. DOI: 10.14254/2071-8330.2016 Aleksandr Ključnikov, Monika Sobeková Majková Alexander Schwendemann, Christian Knogler Do SMEs in Slovakia face real diffi culties in obtaining fi nancing?Comparison of the studies from Slovakia and the EU 37 study provide interesting conclusions. Slovak research studies explain that problems with access to financing of SMEs are in some way more pressing than according to the EU statistical data, but all research studies provide clear evidence about the difficulties SMEs face in obtaining finance in Slovakia.

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“…Some of such initiatives may be adoption of sophisticated technology like spreading out producing processes, utilizing innovative means, enhancement of quality in processes, utilizing micro-irrigation mechanism and maintaining schedules of plantation and record of such schedule, quantum of plantation and expected productivity and likely date of harvesting. Ardic, et al [61] analyzed the global flow of credit to SME sector and found that a total of 10 trillion $ credit is extended to SME sector in the world and OECD nations account for 70% of such credit. The study has revealed that credit to SMEs work out to 3% and 13% of GDP of developing and developed nations respectively.…”

Section: Structure Of Supply Chain Segmentsmentioning

confidence: 99%

Agri-food Supply Chain Management: Literature Review

Ganeshkumar¹,

Pachayappan²,

Madanmohan³

2017

IIM

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The purpose of this paper is to present a critical review of prior literature relating to agri-food supply chain management. An in-depth analysis has been carried out to identify the influential information from the literature. This paper has identified gaps to be explored about agricultural supply chain management (SCM) practices which may be used by researchers to enrich theory construction and practitioners may concentrate on establishing the extent and frontiers of agri-food SCM. This research work is the first attempt to make a critical literature review of available literature on agri-food SCM practices for developing countries like India. The research articles and other materials related to the agri-food supply chain management were collected from online data bases like Scopus, EBSCO and Google Scholar for the period of 10 years (2006)(2007)(2008)(2009)(2010)(2011)(2012)(2013)(2014)(2015)(2016). The study performs content analysis and is followed by descriptive analysis. In the next phase, the literature in the field of agri-food supply chain management is classified into four broad categories viz. general literature review of agri-food supply chain, policies affecting the segments of agrifood supply chain, individual segments of agri-food SCM (structure of supply chain segments and conduct of supply chain segments) and performance of supply chain segments. These four categories are comprehensively reviewed and elaborated the research gap in the literature based on agri-food supply chain management. Finally, potato supply chain of India is considered as a case example for comprehensive analysis and elaborated in detail.

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Access to Finance by Small and Medium Enterprises: a Cross‐Country Analysis with A New Data Set

Cited by 48 publications

References 43 publications

Microenterprises and Significant Risk Factors in Loan Process

Microenterprises and Significant Risk Factors in Loan Process

Do SMEs in Slovakia face real difficulties in obtaining financing? Comparison of the studies from Slovakia and the EU

Agri-food Supply Chain Management: Literature Review

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