Résumé

This paper presents the salient factors that characterize important aspects of firms' access to external finance. Firm-level data show that micro, small and medium-sized enterprises (MSMEs) face more external financing constraints in Low Income Countries (LICs) than in their rich counterparts. We argue for a catalytic role that development cooperation can play in alleviating these constraints and discuss the critical policy issues as regards the effectiveness of these interventions.

langue originaleAnglais
Pages (de - à)9-28
Nombre de pages20
journalReflets et Perspectives de la Vie Economique
Volume55
Numéro de publication1
Les DOIs
étatPublié - 8 avr. 2016

Empreinte digitale

Firm-level data
Factors
Small and medium-sized enterprises
Financing constraints
External finance
Low-income countries
External financing
Development cooperation

Citer ceci

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title = "Improving MSMEs access to external financing in low income countries: Is there a role for development cooperation?",
abstract = "This paper presents the salient factors that characterize important aspects of firms' access to external finance. Firm-level data show that micro, small and medium-sized enterprises (MSMEs) face more external financing constraints in Low Income Countries (LICs) than in their rich counterparts. We argue for a catalytic role that development cooperation can play in alleviating these constraints and discuss the critical policy issues as regards the effectiveness of these interventions.",
keywords = "DFI, External finance, Information asymmetry, MSME",
author = "Modeste Day{\'e} and Romain Houssa and Paul Reding",
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KW - Information asymmetry

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