DOI: 10.4018/978-1-5225-2700-8.ch002
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Emerging Economies and Financing of SMEs

Abstract: Existing evidence has shown that SMEs make great contributions to innovation, job creation and economic growth. This chapter reviews recent literature on (1) the important roles played by SMEs in emerging markets and (2) the impacts of financial development on SME finance in such markets. It also uses a unique database form World Bank Enterprise Survey (WBES) to document the financing patterns, constraints and other financial issues of SMEs in emerging markets. The descriptive statistics derived from WBES show… Show more

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Cited by 3 publications
(3 citation statements)
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“…economies (The World Bank, 2013). However, the social-economic environment in such economies differs significantly from that in developed economies in terms of institutional framework, norms, resources and infrastructures (Han and Xiang, 2017;Psychogios et al, 2016).…”
Section: Economiesmentioning
confidence: 99%
“…economies (The World Bank, 2013). However, the social-economic environment in such economies differs significantly from that in developed economies in terms of institutional framework, norms, resources and infrastructures (Han and Xiang, 2017;Psychogios et al, 2016).…”
Section: Economiesmentioning
confidence: 99%
“…Usaha kecil menengah (UKM) memiliki peran penting dalam sektor bisnis masa kini [18]. Usaha kecil memiliki jumlah tenaga kerja sebesar 5 sampai dengan 19 orang, sedangkan usaha menengah memiliki jumlah tenaga kerja sebesar 20 sampai dengan 99 orang [19].…”
Section: Usaha Kecil Menengahunclassified
“…Small- or medium-sized enterprises (SMEs) play a pivotal role in the modern business world (Ozgulbas et al , 2006; Han et al , 2018). The importance of SMEs in the global economy is undoubtedly reflected in most countries’ economies, as more than 90 per cent of all businesses fall into this category (Cull et al , 2006).…”
Section: Introductionmentioning
confidence: 99%