Analysis on Financing Difficulties for SMEs due to Asymmetric Information
نویسندگان
چکیده
منابع مشابه
Analysis on Financing Difficulties for SMEs due to Asymmetric Information
Financing is the bottleneck that restricting the development of China's small and medium enterprises. The root cause of financing difficulty for SMEs is the serious information asymmetry that exists between financial institutions, which lead to adverse selection and moral hazard. In this paper, financing theories of SMEs information dissymmetry and credit rationing theories are used to analyze ...
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* Gert Wehinger is a senior economist in the Financial Affairs Division of the OECD Directorate for Financial and Enterprise Affairs. This article is an abbreviated and revised version of a paper prepared for the meeting of the OECD Committee on Financial Markets (CMF) on 17-18 October 2013. It benefitted from the discussions at that meeting and at the meeting of the OECD Working Party on SMEs ...
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This study examines relation of the auditor choice and cost of debt financing for private SMEs (small and medium sized enterprises). In particular, it examines whether choice of a certified auditor or reputable international audit firm provides economic value to private SMEs as a factor lowering firms' information problems and cost of debt financing in the capital markets. Using time-series cro...
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ژورنال
عنوان ژورنال: Global Disclosure of Economics and Business
سال: 2014
ISSN: 2307-9592,2305-9168
DOI: 10.18034/gdeb.v3i1.174