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Do SME credit constraints inhibit job creation? Spurring employment in developing country firms.

机译：中小企业信贷限制是否会抑制创造就业机会？刺激发展中国家公司的就业。

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摘要

This paper analyzes the relationship between access to finance and growth for small and medium enterprises (SMEs) in emerging markets. This study tests the hypothesis that in developing countries, small businesses hire more employees as the formal banking sector expands its reach; that is, bank access and employment are positively related among small businesses.;A business-friendly investment environment is seen by many politicians and economists as the best way to help private enterprises create more jobs and expedite economic growth. While there are many potential constraints to individual business development and expansion - including lack of access to resources, burdensome regulations, and low institutional quality - the responses of emerging market firms to the World Bank's Enterprise Surveys indicate that lack of access to finance, such as credit lines, is one of the biggest constraints. Without easy, low-cost access to financing, existing firms are unable to effectively allocate their capital and are unlikely to invest in expansion projects.;This paper applies a new measure of credit-constrained status to Enterprise Survey respondents. Previous literature has studied the effects of access to finance on enterprise growth and examined the effects of liquidity squeezes on firm behavior, but these studies have been based solely on firm perceptions of credit constraints. Using these new categories, this assessment determines that actual limits on external financing have a negative relationship with SME employment. Policies to help expand the banking sector to reach more small businesses will enable these firms to enhance their growth and job creation potential.
机译：本文分析了新兴市场中小型企业（SME）获得融资的渠道与增长之间的关系。这项研究检验了以下假设：在发展中国家，随着正规银行部门扩大其覆盖范围，小型企业会雇用更多的雇员。小企业之间的银行准入和就业正相关。；许多政治家和经济学家都认为，商业友好型投资环境是帮助私营企业创造更多就业机会和促进经济增长的最佳方式。尽管对个人业务的发展和扩张存在许多潜在的制约因素-包括缺乏获得资源的机会，繁重的法规和较低的机构质量-新兴市场公司对世界银行企业调查的回应表明，缺乏获得融资的机会，例如信贷额度，是最大的制约因素之一。如果没有便捷，低成本的融资渠道，现有公司将无法有效分配其资本，也就不可能投资于扩张项目。;本文对企业调查受访者采用了一种信贷紧缩状态的新措施。先前的文献研究了融资渠道对企业增长的影响，并研究了流动性紧缩对企业行为的影响，但这些研究仅基于企业对​​信贷约束的理解。使用这些新类别，此评估确定外部融资的实际限制与中小型企业就业负相关。帮助银行业扩展到更多小型企业的政策将使这些公司能够增强其增长和创造就业机会。

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  • 作者

    Kurdyla, Michael.;

  • 作者单位

    Georgetown University.;

  • 授予单位 Georgetown University.;
  • 学科 Business Administration General.;Sociology Public and Social Welfare.;Economics Finance.
  • 学位 M.P.P.
  • 年度 2013
  • 页码 56 p.
  • 总页数 56
  • 原文格式 PDF
  • 正文语种 eng
  • 中图分类
  • 关键词

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