Global S&T Development Trend Analysis Platform of Resources and Environment
Local Financial Development, Access to Credit and SMEs’ Performance: Evidence From Bangladesh | |
[unavailable] | |
2018-12-21 | |
出版年 | 2018 |
语种 | 英语 |
国家 | 国际 |
领域 | 气候变化 |
英文摘要 |
SMEs constitute a major part of industries and contribute to the largest share of employment in both developing and emerging countries. This paper tests whether local financial development matters for SMEs’ growth performance. We develop a theoretical model framework based on banks’ and firms’ profit-maximizing behavior that critically hinges upon credit default risk ratio. We argue that an expansion of branch network would increase competition among banks to find good borrowers, which will likely to reduce credit default risk of banks. Our empirical analysis based on the theoretical framework confirms that decreasing credit default risk would decrease interest rates and therefore increases the demand for loans. Thus, bank branch growth has positive and significant impact on firms output growth and productivity. For the empirical analysis, we have used 3 groups of data of Bangladesh including i. firm level data; ii. financial development data; and iii. subdistrict level geographical data. The main policy implication of this paper is that local financial development, particularly bank branch network expansion at subdistrict level could ease access to finance and thereby improve performances of SMEs in developing countries. WORKING PAPER NO: 906 |
URL | 查看原文 |
来源平台 | Asian Development Bank |
文献类型 | 科技报告 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/236612 |
专题 | 气候变化 |
推荐引用方式 GB/T 7714 | [unavailable]. Local Financial Development, Access to Credit and SMEs’ Performance: Evidence From Bangladesh,2018. |
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文件名称/大小 | 文献类型 | 版本类型 | 开放类型 | 使用许可 | ||
adbi-wp906.pdf(447KB) | 科技报告 | 开放获取 | CC BY-NC-SA | 浏览 下载 |
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