Determinants of SME Finance, Evidence from three central European countries

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F17%3A63516561" target="_blank" >RIV/70883521:28120/17:63516561 - isvavai.cz</a>
Result on the web
<a href="http://dx.doi.org/10.1515/revecp-2017-0014" target="_blank" >http://dx.doi.org/10.1515/revecp-2017-0014</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1515/revecp-2017-0014" target="_blank" >10.1515/revecp-2017-0014</a>

Result language
angličtina
Original language name
Determinants of SME Finance, Evidence from three central European countries
Original language description
This paper explores the determinants of access to finance for small and medium enterprises (SMEs) in the context of three Central European countries: Czech Republic, Slovak Republic, and Hungary. The data set of the research is obtained from the BEEPS survey, which is conducted by the World Bank and the European Bank for Reconstruction and Development. This paper empirically analyses firms not only from the SMEs point of view, but also shows results for micro, small and medium enterprises separately. Additionally, we have analysed the determinants of access to finance for SMEs at each country level for an in-depth understanding of country-level variations in SME financing. The results indicate that micro firms and firms owned and operated by women are experiencing a shortage of credits from banks. On the other hand, we found a positive relationship between the pledge of collateral and access to finance. With respect to the medium firms, we found evidence that innovative firms have a larger amount of credit from banks. The empirical results also suggest that the loan size increases as the interest rates increase in particular for SMEs on the whole and for micro-firms, although the interest rate is in a negative relationship with the loan size in Czech Republic.
Czech name
—
Czech description
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Type
J<sub>SC</sub> - Article in a specialist periodical, which is included in the SCOPUS database
CEP classification
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OECD FORD branch
50204 - Business and management

Publication year
2017
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical
Národohospodářský obzor - Review of Economic Perspectives
ISSN
1213-2446
e-ISSN
—
Volume of the periodical
17
Issue of the periodical within the volume
3
Country of publishing house
CZ - CZECH REPUBLIC
Number of pages
23
Pages from-to
263-285
UT code for WoS article
—
EID of the result in the Scopus database
2-s2.0-85030449963

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