Proceedings of the EFTA Workshop on Financing Small and Medium-Sized Emterprises (SMEs) with Central and East European Countries
Title | Proceedings of the EFTA Workshop on Financing Small and Medium-Sized Emterprises (SMEs) with Central and East European Countries PDF eBook |
Author | |
Publisher | |
Pages | 272 |
Release | 1992 |
Genre | Small business |
ISBN |
Proceedings of the EFTA workshop on financing small and medium-sized enterprises (SMEs) with Central and East European Countries
Title | Proceedings of the EFTA workshop on financing small and medium-sized enterprises (SMEs) with Central and East European Countries PDF eBook |
Author | |
Publisher | |
Pages | 0 |
Release | 1992 |
Genre | Business enterprises |
ISBN |
Small- and Medium-size Enterprise Financing in Eastern Europe
Title | Small- and Medium-size Enterprise Financing in Eastern Europe PDF eBook |
Author | Leora Klapper |
Publisher | World Bank Publications |
Pages | 60 |
Release | 2002 |
Genre | New business enterprises |
ISBN |
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.
Small- and Medium-Size Enterprise Financing in Eastern Europe
Title | Small- and Medium-Size Enterprise Financing in Eastern Europe PDF eBook |
Author | Leora F. Klapper |
Publisher | |
Pages | 53 |
Release | 2016 |
Genre | |
ISBN |
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 summanry 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.This paper - a product of Finance, Development Research Group - is part of a larger effort in the group to better understand small- and medium-size enterprise financing.
Proceedings of the EFTA Workshop on Foreign Trade Statistics
Title | Proceedings of the EFTA Workshop on Foreign Trade Statistics PDF eBook |
Author | EFTA. |
Publisher | |
Pages | 252 |
Release | 1992 |
Genre | Europe, Central |
ISBN |
The SME Financing Gap (Vol. II) Proceedings of the Brasilia Conference, 27-30 March 2006
Title | The SME Financing Gap (Vol. II) Proceedings of the Brasilia Conference, 27-30 March 2006 PDF eBook |
Author | OECD |
Publisher | OECD Publishing |
Pages | 282 |
Release | 2007-04-17 |
Genre | |
ISBN | 9264029451 |
A synthesis of the Conference discussions as well as selected papers on the credit and equity financing gaps, as well as on private equity definitions and measurements.
The SME Financing Gap (Vol. I) Theory and Evidence
Title | The SME Financing Gap (Vol. I) Theory and Evidence PDF eBook |
Author | OECD |
Publisher | OECD Publishing |
Pages | 140 |
Release | 2006-10-25 |
Genre | |
ISBN | 9264029419 |
Analyzes the lack of funding for small and medium-sized enterprises (SMEs) and recommends measures to foster an improved flow of financing.