Based on the importance of SMEs for national economies and the discussion on the accessibility of financial resources for SMEs, it is the main objective of this study to provide solid data on the access of SMEs to financial resources. To provide the data, the study is focusing on four main...
This paper presents some new evidence on the hypothesis that financial liberalization will lead to a convergence in the structure of financial systems and ... B Elisabetta - 《Oxford Review of Economic Policy》 被引量: 87发表: 1994年 Access to Venture Capital and the Performance of Venture-Back...
women to land and housing titles and other forms of capital) to provide access to credit for women and others who are currently excluded from the formal banking system. daccess-ods.un.org 相反,这方 面的目标应是寻找途径 (包括政府直接支助或承保私人活动,妇女更有机会获得 土 地和房屋产权及其...
These institutional attractions include the ease of raising capital on foreign stock markets, access to reliable courts, and more flexible and sophisticated financial products. Existing explanations of these capital movements, characterizing them as criminal money or tax arbitrage, are insufficient. ...
Our estimates suggest that financial openness has increased capital mobility in developing countries, while its effect is statistically insignificant in OECD countries. This also implies that a developing country with more financial openness can have more access to external capital markets for borrowings....
for debt inertia, firms' heterogeneity and endogeneity problems, we find that local financial development may be an important determinant of SMEs' capital structure, and that firms appear to have better access to financial debt in areas characterized by a higher quality of the legal system. Thus...
Business owners that are considering tax policy while borrowing tend to enhance their financial position and earn greater investments. 5. Political Stability The level of political stability—or instability—will determine the access to loans. Countries with constant governments create an atmosphere of tr...
Check access to the full text by signing in through your organization. Access through your organization Section snippets Model In this section, I set up the model and define the equilibrium concept. Bank capital and portfolio choice In this section, I solve the model using a backward-inductio...
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30 Moreover, the credibility of the commitment to gold was dependent on the access to foreign capital (Calomiris, 2005). The flip side of capital market integration was the heightened vulnerability to financial volatility of nations incapable of choosing the currency they borrowed from abroad in ...