Financing of Firms in Developing Countries : Lessons from Research

• Tác giả: Meghana Ayyagari
• Ngôn ngữ: eng
• Ký hiệu phân loại: 910.91 Geography of and travel in areas, regions, places in general
• Thông tin xuất bản: World Bank, Washington, DC, 2012
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 303856
• Chủ đề: 1. ACCESS TO BANK; 2. ACCESS TO EXTERNAL FINANCE; 3. ACCESS TO FINANCE; 4. ACCESS TO FINANCING; 5. ACCOUNTING

Tóm tắt

This paper reviews and synthesizes theoretical and empirical research on the role of finance in developing countries. First, the paper presents the stylized facts about firms in developing nations as well as the legal, financial and broader institutional framework in which these firms operate. Next, the paper focuses on the financing choices available to small and medium firms in developing countries and highlights areas needing additional research.