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首页> 外文期刊>International Journal of Globalisation and Small Business >Determinants of credit access of small and medium enterprises in emerging economies: evidence from the World Bank enterprise surveys
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Determinants of credit access of small and medium enterprises in emerging economies: evidence from the World Bank enterprise surveys

机译:新兴经济体中小企业信贷机会的决定因素:来自世界银行企业调查的证据

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摘要

Credit access has an important role for small and medium enterprises (SMEs) to finance their activities. The purpose of this paper is to investigate the importance of firm, sector and country characteristics in credit access of SMEs in emerging economies. Through data collected from the World Bank enterprise surveys, we study 107,652 observations from 139 countries over the period 2006-2018 and estimate a multilevel logit model, what allows the comparison, in terms of quality of the prediction, with a traditional credit logit model. The results show that country characteristics related to banking sector development and informational credit system are statistically significant. Additionally, informational characteristics of firms play an important role in the probability of having credit access by SMEs. This paper also fills an important methodological gap, since logit models that take into account a multilevel perspective are rarely explored in studies involving credit access of SMEs in emerging economies.
机译:信用访问对中小企业(中小企业)提供资金的重要作用。本文的目的是探讨公司,部门和国家特征在新兴经济体中中小企业信贷进入的重要性。通过从世界银行企业调查所收集的数据,我们在2006 - 2018年期间的139个国家/地区研究了107,652个观察,并估计了一个多级Logit模型,允许比较,以传统的信用Logit模型在预测的质量方面。结果表明,与银行业发展和信息信贷制度相关的国家特征是统计上显着的。此外,公司的信息特征在中小企业获得信贷访问的可能性方面发挥着重要作用。本文还填补了一个重要的方法论差距,因为考虑到多级角度的Logit模型很少探讨涉及中小企业在新兴经济体中的信用。

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