Bank Loans And Small Firm Financing In Romania
AbstractAccording to a recent survey conducted by the European Commission, Europeansmall and medium size enterprises (SMEs) are highly dependent on bank loans when it comesto financing their activity and accomplishing their growth ambitions. Romanian smallenterprises make no exception. In 2011, on average 87% of Romanian SMEs borrowingsoriginate from bank loans. However due to the economic and financial crisis the RomanianSMEs access to credit has deteriorated considerably in comparison with the EU average.Since 2009 only 41% of SMEs managed to access bank loans. In this context, the presentpaper seeks to analyze the gap between the demand and supply of bank credit to SMEs inRomania between 2007 and 2011.
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Bibliographic InfoArticle provided by Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia in its journal Annales Universitatis Apulensis Series Oeconomica.
Volume (Year): 1 (2012)
Issue (Month): 14 ()
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SMEs; bank credit supply; bank credit demand; financing gap;
Find related papers by JEL classification:
- G30 - Financial Economics - - Corporate Finance and Governance - - - General
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
- E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Filipe Silva & Carlos Carreira, 2010. "Financial constraints: Are there differences between manufacturing and services?," GEMF Working Papers 2010-16, GEMF - Faculdade de Economia, Universidade de Coimbra.
- Bell, Clive, 1990. "Interactions between Institutional and Informal Credit Agencies in Rural India," World Bank Economic Review, World Bank Group, vol. 4(3), pages 297-327, September.
- Jonathan M Scott & David Irwin, 2009. "Discouraged advisees? The influence of gender, ethnicity, and education in the use of advice and finance by UK SMEs," Environment and Planning C: Government and Policy, Pion Ltd, London, vol. 27(2), pages 230-245, April.
- Zsuzsanna K.SZABO, 2011. "The impact of the crisis on the SME sector in Romania-The back-up of innovation and entrepreneurship development," Romanian Journal of Economics, Institute of National Economy, vol. 33(2(42)), pages 90-108, December.
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