Financing Resources for Egyptian Small and Medium Enterprises
AbstractEven though small and medium enterprises (SMEs) represent the majority of the Egyptian firms, their value added is relatively low. According to previous research, SMEs face a financing gap that causes undercapitalization and represents an obstacle that hinders SMEs from growth. This paper analyzes the current situation of SMEs in Egypt and addresses the question whether the financing problem still exists. In addition, we discuss the role of venture capital as a possible source of financing. Based on data which has been gathered using questionnaires, it is investigated whether Egyptian SMEs do know and would accept venture capital financing for their businesses. Our results show that access to finance is still a significant bottleneck for Egyptian SMEs. Venture capital financing could help to close this financing gap.
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Bibliographic InfoPaper provided by The German University in Cairo, Faculty of Management Technology in its series Working Papers with number 28.
Length: 20 pages
Date of creation: Apr 2011
Date of revision:
SME; Financing Gap; Venture Capital;
Find related papers by JEL classification:
- G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-04-23 (All new papers)
- NEP-ARA-2011-04-23 (MENA - Middle East & North Africa)
- NEP-CFN-2011-04-23 (Corporate Finance)
- NEP-ENT-2011-04-23 (Entrepreneurship)
- NEP-SBM-2011-04-23 (Small Business Management)
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