Cash flow vs. collateral-based credit: performance of micro, small and medium-sized firms in transition economies

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F67985998%3A_____%2F13%3A00423406" target="_blank" >RIV/67985998:_____/13:00423406 - isvavai.cz</a>

Alternative codes found

RIV/00216208:11640/13:00391848

Result on the web

<a href="http://dx.doi.org/10.1016/j.jimonfin.2013.01.001" target="_blank" >http://dx.doi.org/10.1016/j.jimonfin.2013.01.001</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1016/j.jimonfin.2013.01.001" target="_blank" >10.1016/j.jimonfin.2013.01.001</a>

Result language

angličtina

Original language name

Cash flow vs. collateral-based credit: performance of micro, small and medium-sized firms in transition economies

Original language description

We study factors affecting micro, small and medium-sized enterprises (MSMEs) receiving loans and the effect of these loans on MSMEs performance. We study two types of loans a new type based on cash flows and a traditional-style loan based on collateral.We use unique surveys of MSMEs from Bulgaria, Georgia, Russia and Ukraine. We find that MSMEs receiving a cash flow or collateral loan in the past are more likely to receive the same type of loan (and larger sized) in the future and that cash flow loansmay be the preferred form of credit. Both types of loans are related positively to most performance indicators, enabling the MSMEs for instance to be more profitable and expand production. The cash flow loans also appear to be particularly attractive credit delivery schemes for micro and small enterprises. Finally, the effects of the smallest loans are often negative, suggesting that the minimum loan size is an important policy issue.

Czech name

—

Czech description

—

Type

J_x - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)

CEP classification

AH - Economics

OECD FORD branch

—

Project

<a href="/en/project/GAP402%2F10%2F2130" target="_blank" >GAP402/10/2130: Globalization and Competitiveness of Firms and Workers: Comparing Advanced and Emerging Markets Economies</a><br>

Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2013

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Economics of Transition

ISSN

0967-0750

e-ISSN

—

Volume of the periodical

21

Issue of the periodical within the volume

2

Country of publishing house

GB - UNITED KINGDOM

Number of pages

32

Pages from-to

269-300

UT code for WoS article

000316320000003

EID of the result in the Scopus database

—