Small Firm Financing in Sweden, 1960–95

1996 ◽  
Vol 38 (3) ◽  
pp. 27-47 ◽  
Author(s):  
Hans Sjögren ◽  
Sven Jungerhem
Keyword(s):  
Small Firm ◽  
Firm Financing

Financing Micro, Small, and Medium Enterprises in Indian Industry

2019 ◽  
pp. 668-680
Author(s):  
Shromona Ganguly
Keyword(s):  
Small Firm ◽  
Small Firms ◽  
Small And Medium Enterprises ◽  
Manufacturing Sector ◽  
Credit Availability ◽  
Firm Financing ◽  
National Output ◽  
Specific Factors ◽  
Employment Generation ◽  
Medium Enterprises

During the last five decades, the micro, small, and medium enterprises (MSME) in the Indian economy have emerged as a dynamic, vibrant segment having a significant contribution towards employment generation and entrepreneurship formation. Despite being an important contributor towards the national output and employment of the economy, the MSME sector continues to face a number of challenges choking its growth, of which credit availability to these enterprises has become one of the most important issues. The existing literature on small firm financing discusses the issues and challenges from a cross-country perspective. There is a lack of detailed research on implications of country-specific factors and financial system on small firm financing. The chapter aims to fill this gap by analyzing the extent and nature of credit constraint faced by small firms in the manufacturing sector in India and how technology may change the situation in the coming years.

scholarly journals "Bank Loans And Small Firm Financing In Romania "

2012 ◽  
Vol 1 (14) ◽  
pp. 178-189
Author(s):  
Daniela Rodica Silivestru(Popescu)
Keyword(s):  
Small Firm ◽  
Bank Loans ◽  
Firm Financing

Corporate Governance and Small Firm Financing

2012 ◽  
Author(s):  
Christina V. Atanasova ◽  
Evan Gatev ◽  
Daniel M. Shapiro
Keyword(s):  
Corporate Governance ◽  
Small Firm ◽  
Firm Financing

Bank Mergers and Small Firm Financing

2003 ◽  
Vol 35 (6a) ◽  
pp. 999-1017 ◽  
Author(s):  
Jonathan A. Scott ◽  
William C. Dunkelberg
Keyword(s):  
Small Firm ◽  
Bank Mergers ◽  
Firm Financing

Index Membership and Small Firm Financing

2019 ◽  
Vol 65 (9) ◽  
pp. 4156-4178 ◽  
Author(s):  
Charles Cao ◽  
Matthew Gustafson ◽  
Raisa Velthuis
Keyword(s):  
Small Firm ◽  
Small Firms ◽  
Seasoned Equity Offerings ◽  
Bank Loans ◽  
Equity Offerings ◽  
Elasticity Of Demand ◽  
Firm Financing ◽  
Financing Frictions ◽  
Investor Awareness ◽  
Lower Cutoff

This paper investigates the extent to which index membership affects small firm financing. Using a regression discontinuity specification around the lower cutoff of the Russell 2000 small-cap index, we find that index membership causes small firms to transition away from bank financing in favor of seasoned equity offerings. These effects are concentrated in the year following Russell 2000 additions and do not reverse immediately upon deletions. Liquidity, the elasticity of demand for equity, and analyst coverage also significantly increase following Russell 2000 additions but do not significantly decrease following deletions. Finally, firms added to the Russell 2000 obtain lower spreads and have fewer covenants on the bank loans that they do initiate. Our findings are consistent with index membership mitigating the financing frictions of small firms by improving their information environment through increased investor awareness. This paper was accepted by Amit Seru, finance.

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