Entrepreneurs and SMEs financing in developing countries: do non-financial services improve access to finance?

IF 1.3 Q3 ECONOMICS

Journal of Financial Economic Policy Pub Date : 2024-07-23 DOI:10.1108/jfep-02-2024-0046

A. Babatoundé

{"title":"Entrepreneurs and SMEs financing in developing countries: do non-financial services improve access to finance?","authors":"A. Babatoundé","doi":"10.1108/jfep-02-2024-0046","DOIUrl":null,"url":null,"abstract":"\nPurpose\nIs access to finance a constraint for small and medium enterprises (SMEs) development or a result of SMEs constraint? Considering the demand-side of the credit market, this paper aims to assess the effect of nonfinancial services (NFS) on financial access through demand for financing (direct effect) and access to finance (indirect effect).\n\n\nDesign/methodology/approach\nUsing data from a five-year comprehensive entrepreneurship program on a package of technical assistance, the author uses two impact assessment methods: before/after and propensity score matching approaches.\n\n\nFindings\nThe author found significant changes in business practices for treated SMEs and entrepreneurs since both the number and frequency of good business practices increased for most of the SMEs in the program with a positive turnover effect. Evidence of the positive effects of NFS on demand for financing is found in SMEs but this does not involve more access to finance. Despite positive changes in business practices, small-size entrepreneurs continue to self-exclude for financing.\n\n\nOriginality/value\nDifferent pass-throughs are operating within this “recycling” of entrepreneurial resources over time. The author shows the effectiveness of the knowledge on financing mechanism, financial conditions and government financial support, even if these mechanisms do not seem to lead to a significant improvement in access to finance.\n","PeriodicalId":45556,"journal":{"name":"Journal of Financial Economic Policy","volume":null,"pages":null},"PeriodicalIF":1.3000,"publicationDate":"2024-07-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Financial Economic Policy","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1108/jfep-02-2024-0046","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ECONOMICS","Score":null,"Total":0}

引用次数: 0

Abstract

Purpose Is access to finance a constraint for small and medium enterprises (SMEs) development or a result of SMEs constraint? Considering the demand-side of the credit market, this paper aims to assess the effect of nonfinancial services (NFS) on financial access through demand for financing (direct effect) and access to finance (indirect effect). Design/methodology/approach Using data from a five-year comprehensive entrepreneurship program on a package of technical assistance, the author uses two impact assessment methods: before/after and propensity score matching approaches. Findings The author found significant changes in business practices for treated SMEs and entrepreneurs since both the number and frequency of good business practices increased for most of the SMEs in the program with a positive turnover effect. Evidence of the positive effects of NFS on demand for financing is found in SMEs but this does not involve more access to finance. Despite positive changes in business practices, small-size entrepreneurs continue to self-exclude for financing. Originality/value Different pass-throughs are operating within this “recycling” of entrepreneurial resources over time. The author shows the effectiveness of the knowledge on financing mechanism, financial conditions and government financial support, even if these mechanisms do not seem to lead to a significant improvement in access to finance.

查看原文本刊更多论文

发展中国家的企业家和中小型企业融资：非金融服务能否改善融资渠道？

目的融资渠道是中小型企业（SMEs）发展的制约因素还是中小型企业制约因素的结果？考虑到信贷市场的需求方，本文旨在通过融资需求（直接影响）和融资渠道（间接影响）来评估非金融服务（NFS）对融资渠道的影响。设计/方法/途径作者利用一项为期五年的综合创业计划中关于一揽子技术援助的数据，采用了两种影响评估方法：前后对比法和倾向得分匹配法。研究结果作者发现，受助中小企业和创业者的经营方式发生了显著变化，因为项目中大多数中小企业的良好经营方式的数量和频率都有所增加，并产生了积极的周转效应。有证据表明，国家融资战略对中小企业的融资需求产生了积极影响，但这并不涉及更多的融资渠道。原创性/价值随着时间的推移，创业资源的 "再循环 "中存在不同的传递机制。作者展示了有关融资机制、金融条件和政府财政支持的知识的有效性，尽管这些机制似乎并未显著改善融资渠道。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Journal of Financial Economic Policy ECONOMICS-

CiteScore

2.80

自引率

8.30%

发文量

期刊介绍： The Journal of Financial Economic Policy publishes high quality peer reviewed research on financial economic policy issues. The journal is devoted to the advancement of the understanding of the entire spectrum of financial policy and control issues and their interactions to economic phenomena. Economic and financial phenomena involve complex trade-offs and linkages between various types of risk factors and variables of interest to policy makers and market participants alike. Market participants such as economic policy makers, regulators, banking and competition supervisors, corporations and financial institutions, require timely and robust answers to the contemporary and emerging policy questions. In turn, such answers require thorough input by the academics, policy makers and practitioners alike. The Journal of Financial Economic Policy provides the forum to satisfy this need. The journal publishes and invites concise papers to enable a prompt response to current and emerging policy affairs.

文献相关原料

公司名称	产品信息	采购帮参考价格