Ruziev, K. and Webber, D.J. orcid.org/0000-0002-1488-3436 (2019) Does connectedness improve SMEs’ access to formal finance? Evidence from post-communist economies. Post-Communist Economies, 31 (2). pp. 258-278. ISSN 1463-1377
Abstract
Evidence suggests that a disproportionately greater share of formal finance is channelled to large enterprises in emerging economies, limiting the flow of appropriately-financed small and medium enterprises (SMEs). Market and information imperfections are conventionally seen as major causes of this misallocation. However, the role of political factors in affecting the distribution of formal finance has become more widely acknowledged in recent times. Our analyses of SMEs in post-communist economies also show that measures of political connectedness improve the chances of receiving bank credit and that the benefits of these links are stronger for well-established and larger SMEs.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2018 Informa UK Limited, trading as Taylor & Francis Group. |
Keywords: | Financial development; formal finance; firm-level analysis; transition economies |
Dates: |
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Institution: | The University of Sheffield |
Academic Units: | The University of Sheffield > Faculty of Social Sciences (Sheffield) > Management School (Sheffield) |
Depositing User: | Symplectic Sheffield |
Date Deposited: | 31 Mar 2022 07:45 |
Last Modified: | 31 Mar 2022 07:45 |
Status: | Published |
Publisher: | Taylor & Francis |
Refereed: | Yes |
Identification Number: | 10.1080/14631377.2018.1470855 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:185254 |