Small and Medium Enterprises : A Cross-Country Analysis with a New Data Set

In the aftermath of the global financial crisis of 2008-2009, there has been an increased interest in the role of small and medium enterprises in job creation and economic growth. However the lack of consistent indicators at the country level restricts extensive cross-country analyses of lending to small and medium enterprises. This paper introduces a new dataset to fill this gap in the small and medium enterprise data landscape. In addition, it provides the first set of results of analyses with this new dataset, predicting the global small and medium enterprise lending volume to be $10 trillion. The bulk of this volume, 70 percent, is in high-income countries. On average, small and medium enterprise loans constitute 13 percent of gross domestic product in developed countries and 3 percent in developing countries. Note that although a unique small and medium enterprise definition does not exist, differences in definitions across countries are not statistically significant in explaining the differences in small and medium enterprise lending volumes.

Bibliographic Details

Main Authors:	Ardic, Oya Pinar, Mylenko, Nataliya, Saltane, Valentina
Language:	English
Published:	2011-01-01
Subjects:	ACCESS TO CREDIT, ACCESS TO FINANCE, ACCESS TO FINANCIAL SERVICES, ACCESSIBILITY, BANK ASSETS, BANK BRANCHES, BANK CONSOLIDATION, BANK CREDIT, BANK FINANCING, BANK LENDING, BANK LOANS, BANKING CONCENTRATION, BANKING RELATIONSHIPS, BANKING STRUCTURE, BANKING SYSTEM, BANKING SYSTEM ASSETS, BANKRUPTCY, BANKRUPTCY LAWS, BANKS, BORROWER, BUSINESS ENVIRONMENT, BUSINESS ENVIRONMENTS, CAPITALIZATION, CASH FLOWS, CENTRAL BANK, CENTRAL BANKS, COLLECTION PROCESSES, COMMERCIAL BANK, COMMERCIAL BANK LOANS, COMMERCIAL BANKS, CONSUMER LOANS, CONTRACT ENFORCEMENT, CORPORATION, COST OF CREDIT, CREDIT AVAILABILITY, CREDIT BUREAU, CREDIT CONSTRAINTS, CREDIT HISTORY, CREDIT INFORMATION, CREDIT MARKET, CREDIT PROVIDERS, CREDIT REGISTRIES, CREDIT REGISTRY, CREDIT SCORING, CREDIT TERMS, CREDITWORTHINESS, DEPENDENT, DEPOSIT, DEPOSITS, DEVELOPING COUNTRIES, DEVELOPMENT BANK, DOMESTIC CREDIT, ECONOMIC DEVELOPMENT, ECONOMIC GROWTH, EMPLOYMENT, EMPLOYMENT OPPORTUNITIES, ENFORCEMENT PROCEDURES, ENTERPRISE FINANCING, ENTREPRENEURSHIP, EXTENSION OF CREDIT, EXTERNAL FINANCE, EXTERNAL FINANCING, FACTORING, FEDERAL RESERVE, FEDERAL RESERVE BANK, FINANCE CORPORATION, FINANCIAL ACCESS, FINANCIAL CRISIS, FINANCIAL DEVELOPMENT, FINANCIAL INSTITUTION, FINANCIAL INSTITUTIONS, FINANCIAL INTERMEDIATION, FINANCIAL MARKET, FINANCIAL MARKETS, FINANCIAL REGULATOR, FINANCIAL REGULATORS, FINANCIAL STRUCTURE, FINANCIAL SUPPORT, FINANCIAL SYSTEMS, FINANCING OBSTACLES, FIRM SIZE, FIRMS, FORMAL BANK, FORMAL FINANCIAL SERVICES, GLOBAL ECONOMY, GROSS DOMESTIC PRODUCT, HOUSEHOLDS, INDIVIDUAL ENTREPRENEURS, INEQUALITY, INFLATION, INFORMAL ECONOMY, INFORMATION SHARING, INSTITUTIONAL ARRANGEMENTS, INTEREST RATE, INTEREST RATE SPREAD, INTEREST RATES, INTERNATIONAL BANK, INTERNATIONAL FINANCE, JOB CREATION, LACK OF ACCESS, LACK OF COLLATERAL, LARGE BANKS, LARGE ENTERPRISES, LARGE FIRMS, LAW ENFORCEMENT, LEASING, LEGAL CONSTRAINTS, LEGAL FRAMEWORKS, LEGAL RIGHTS, LEGAL SYSTEMS, LENDERS, LENDING INTEREST RATE, LEVELS OF CREDIT, LINES OF CREDIT, LIQUIDITY, LIQUIDITY CONSTRAINTS, LISTED COMPANIES, LOAN, LOAN APPLICATION, LOAN APPLICATIONS, LOAN RATE, LOAN RATES, LOAN SIZE, LOAN VOLUME, LOANS TO INDIVIDUAL, LOCAL FINANCIAL MARKET, LONG-TERM LOANS, MACROECONOMIC INSTABILITY, MARKET CAPITALIZATION, MARKET ECONOMY, MARKET SIZE, MEDIUM ENTERPRISE, MEDIUM ENTERPRISES, NET INTEREST MARGIN, NUMBER OF BANK, OFFSHORE CENTER, OFFSHORE FINANCIAL CENTER, OFFSHORE FINANCIAL CENTERS, OPERATING COSTS, OUTSTANDING LOANS, OVERHEAD COSTS, PORTFOLIO, POVERTY ALLEVIATION, PRIVATE CREDIT, PRIVATE CREDIT BUREAU, PUBLIC CREDIT, REAL INTEREST, REAL INTEREST RATE, RISK PREMIUMS, SCALE ENTERPRISES, SHARE OF ASSETS, SIZE OF FIRMS, SMALL BANKS, SMALL BUSINESS, SMALL BUSINESS FINANCING, SMALL BUSINESS LENDING, SMALL BUSINESSES, SMALL ENTERPRISES, SMALL FIRM, SMALL FIRM FINANCE, SMALL FIRMS, SMALL LOANS, SME, SME DEVELOPMENT, SME FINANCE, SME FINANCING, SME LENDING, SME SECTOR, SME STATISTICS, SUPERVISORY AGENCIES, TRANSACTION, TRANSACTION COSTS, TRANSITION COUNTRIES, TRANSITION COUNTRY, TRANSITION ECONOMIES, TRANSPARENCY, UNION, VENTURE CAPITAL,
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110118141007 https://hdl.handle.net/10986/3309
Tags:	Add Tag No Tags, Be the first to tag this record!