Emerging Economies and Financing of SMEs

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Author(s): Liang Han (Shihezi University, China & University of Reading, UK), Xin Xiang (University of Reading, UK)and Xingquan Yang (Shihezi University, China)
Copyright: 2021
Pages: 24
Source title: Research Anthology on Small Business Strategies for Success and Survival
Source Author(s)/Editor(s): Information Resources Management Association (USA)
DOI: 10.4018/978-1-7998-9155-0.ch002

Keywords: Business & Management / Business & Organizational Research / Business Science Reference / Small and Medium Enterprises

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Abstract

Existing evidence has shown that SMEs make great contributions to innovation, job creation and economic growth. This chapter reviews recent literature on (1) the important roles played by SMEs in emerging markets and (2) the impacts of financial development on SME finance in such markets. It also uses a unique database form World Bank Enterprise Survey (WBES) to document the financing patterns, constraints and other financial issues of SMEs in emerging markets. The descriptive statistics derived from WBES show clear variations of SME financing patterns between emerging and developed markets and shed light on the important role played by financial development in financing SMEs.

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Emerging Economies and Financing of SMEs

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