2011
DOI: 10.2139/ssrn.2290717
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Analysis of the Situation and Factors for Development of SMEs in Bulgaria: SMEs in the Crisis Context

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Cited by 1 publication
(2 citation statements)
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“…67 percent of small-and medium-sized firms had no access to bank financing (Simeonova-Ganeva et al, 2011 (BSMEPA, 2004). In a study by Pissarides et al (2003) on principal constraints of small and medium enterprises in Bulgaria and Russia, top managers also identified the lack of external financing as a particularly serious constraint.…”
Section: The Demand For Creditmentioning
confidence: 99%
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“…67 percent of small-and medium-sized firms had no access to bank financing (Simeonova-Ganeva et al, 2011 (BSMEPA, 2004). In a study by Pissarides et al (2003) on principal constraints of small and medium enterprises in Bulgaria and Russia, top managers also identified the lack of external financing as a particularly serious constraint.…”
Section: The Demand For Creditmentioning
confidence: 99%
“…Only about one third of micro, small and medium-sized firms in Bulgaria indicated any access to formal finance in 2002 before start of the program (Simeonova-Ganeva et al, 2011). Access to loans for micro-and small firms is assumed to be even much lower (e.g.…”
Section: The Supply Of Creditmentioning
confidence: 99%