This EIF Working Paper takes a holistic approach to investigate SME financing patterns in Europe by performing a cluster analysis including 12,726 SMEs in 28 European countries. The results reveal that SME financing in Europe is not homogenous but that different financing patterns exist. The cluster analysis identifies six distinct SME financing types: mixed-financed SMEs, statesubsidised SMEs,...

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 ...

Smalland medium size enterprises are well known for being the backbone of the economy. They are the key factors of the economic growth as well as for innovating and developing products and services. Financial obstacles often occur for Swedish SMEs when they are searching for ways of financing the business. The lack of necessary financing to help SMEs’ businesses grow has been brought up in many...

Today, small and medium-sized enterprises (SMEs) play a key role in both developing and developed economies. However, the uncertainty of macroeconomic indicators, such as economic growth, may affect financing and investment of the SMEs in an economy. The present study explores the effect of the economic growth rate uncertainty on financing SMEs in Iran. To this end, the study has applied the Br...

Small and Medium enterprises act as catalysts in the economic development of the developed and developing countries. Developing countries like Nigeria that require sustained economic growth in their economies must pay attention to the SME sector and harness the great potential to generate employment, improved local technology, output diversification, developed indigenous entrepreneurship and fo...

This paper aims to explore the causes of financing difficulties of Chinese small and medium-sized enterprises and give out corresponding solutions for handling the problem. Through building up the theoretical analytical framework of SMEs’ financing difficulties, and discussing the development of Chinese real economy in recent years and the characteristics of SMEs in China, this paper will analy...

Abstract: In recent years; financing difficulties have been obsessed small and medium enterprises (SMEs); especially emerging SMEs. Inter-members’ joint financing within a supply chain is one of solutions for SMEs. How about members’ joint financing of inter-supply chains? In order to answer the question, we firstly employ the Stackelberg game to propose three kinds of financing decision models...

Small and medium enterprises' financing constraints are an important reason for its development in recent years, national policy and legal aspects are also efforts to promote the development of SMEs, the SME financing is still a lot of the biggest obstacles to entrepreneurs. In this paper, the status of financing small and medium enterprises start to analyze the reasons for its financing of the...

In this article, we put forward the small and middle-sized enterprises (SMEs) credit guarantee is the effective measure to solve the financing difficulty for SMEs. Through the analysis of the actuality of Chinese SMEs credit guarantee legal system, we try to find the shortages such as the deficiency of the SMEs special guarantee legislation, the unreasonable capital financing structure, the ris...

Enterprise credit rating is an important issue in finance field. Small and Medium Enterprises are playing more and more important role in world economy development. Especially, China SMEs has gained rapid development in recent years. However, financing difficulty is a predominant and common problem for the SMEs in China. It needs joint effort to solve the SMEs financing embarrassment. One of th...