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- Publisher
- World Scientific Publishing Company
- Copyright
- Copyright ©
- Subject
- Special Issue: Foreign Direct Investment (FDI), Productivity Spillovers and Small and Medium Enterprises (SMEs); Guest Editors: Khee Giap Tan and Kong Yam Tan
- ISSN
- 1793-9933
- eISSN
- 1793-9941
- DOI
- 10.1142/S1793993314400109
- Publisher site
- See Article on Publisher Site
Abstract
While finance is critical for small and medium-sized enterprises (SMEs) to survive and grow, most SMEs suffer from poor access to finance. Given the pronounced global financial uncertainty, stable access to appropriate funding sources has become even more difficult for SMEs to attain. Lessons from the global financial crisis have motivated many countries to consider SME access to finance beyond conventional bank credit and to diversify their domestic financial systems. This paper uses empirical analysis to point out the limitations of traditional bank lending to SMEs and suggests possible policy approaches facilitating them to access growth capital.
Journal
Journal of International Commerce, Economics and Policy – World Scientific Publishing Company
Published: Oct 1, 2014
Keywords: Access to finance bankability diversified financing financial inclusion growth capital SME finance