Small and medium enterprises : a cross-country analysis with a new data set
AbstractIn the aftermath of the global financial crisis of 2008-2009, there has been an increased interest in the role of small and medium enterprises in job creation and economic growth. However the lack of consistent indicators at the country level restricts extensive cross-country analyses of lending to small and medium enterprises. This paper introduces a new dataset to fill this gap in the small and medium enterprise data landscape. In addition, it provides the first set of results of analyses with this new dataset, predicting the global small and medium enterprise lending volume to be $10 trillion. The bulk of this volume, 70 percent, is in high-income countries. On average, small and medium enterprise loans constitute 13 percent of gross domestic product in developed countries and 3 percent in developing countries. Note that although a unique small and medium enterprise definition does not exist, differences in definitions across countries are not statistically significant in explaining the differences in small and medium enterprise lending volumes.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by The World Bank in its series Policy Research Working Paper Series with number 5538.
Date of creation: 01 Jan 2011
Date of revision:
Access to Finance; Banks&Banking Reform; Debt Markets; Microfinance; Bankruptcy and Resolution of Financial Distress;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-01-30 (All new papers)
- NEP-BAN-2011-01-30 (Banking)
- NEP-ENT-2011-01-30 (Entrepreneurship)
- NEP-PBE-2011-01-30 (Public Economics)
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.:
- Bodenhorn, Howard, 2003.
" Short-Term Loans and Long-Term Relationships: Relationship Lending in Early America,"
Journal of Money, Credit and Banking, Blackwell Publishing,
Blackwell Publishing, vol. 35(4), pages 485-505, August.
- Howard Bodenhorn, 2001. "Short-Term Loans and Long-Term Relationships: Relationship Lending in Early America," NBER Historical Working Papers, National Bureau of Economic Research, Inc 0137, National Bureau of Economic Research, Inc.
- Ayyagari, M. & Beck, T.H.L. & Demirgüç-Kunt, A., 2007.
"Small and medium enterprises across the globe,"
Open Access publications from Tilburg University
urn:nbn:nl:ui:12-4731699, Tilburg University.
- Beck, Thorsten & Demirguc-Kunt, Asli & Soledad Martinez Peria, Maria, 2008. "Bank Financing for SMEs around the World: Drivers, Obstacles, Business Models, and Lending Practices," Policy Research Working Paper Series 4785, The World Bank.
- Degryse, Hans & Van Cayseele, Patrick, 2000.
"Relationship Lending within a Bank-Based System: Evidence from European Small Business Data,"
Journal of Financial Intermediation, Elsevier,
Elsevier, vol. 9(1), pages 90-109, January.
- Hans Degryse & Partick Van cayseele, 1998. "Relationship Lending within a Bank-based System: Evidence from European Small Business Data," Center for Economic Studies - Discussion papers, Katholieke Universiteit Leuven, Centrum voor Economische StudiÃ«n ces9816, Katholieke Universiteit Leuven, Centrum voor Economische Studiën.
- Andreas Dietrich, 2012. "Explaining loan rate differentials between small and large companies: evidence from Switzerland," Small Business Economics, Springer, Springer, vol. 38(4), pages 481-494, May.
- de la Torre, Augusto & Soledad Martinez Peria, Maria & Schmukler , Sergio L., 2008.
"Bank involvement with SMEs : beyond relationship lending,"
Policy Research Working Paper Series
4649, The World Bank.
- de la Torre, Augusto & Martínez Pería, María Soledad & Schmukler, Sergio L., 2010. "Bank involvement with SMEs: Beyond relationship lending," Journal of Banking & Finance, Elsevier, Elsevier, vol. 34(9), pages 2280-2293, September.
- Schiffer, M. & Weder, B., 2001.
"Firm Size and the Business Environment: Worldwide Survey Results,"
Papers, World Bank - International Finance Corporation
43, World Bank - International Finance Corporation.
- Mirjam Schiffer & Beatrice Weder, 2001. "Firm Size and the Business Environment : Worldwide Survey Results," World Bank Publications, The World Bank, number 13988, August.
- Robert Cressy & Otto Toivanen, 2001. "Is there adverse selection in the credit market?," Venture Capital, Taylor & Francis Journals, Taylor & Francis Journals, vol. 3(3), pages 215-238, July.
- Stephanou, Constantinos & Rodriguez, Camila, 2008. "Bank financing to small and medium-sized enterprises (SMEs) in Colombia," Policy Research Working Paper Series 4481, The World Bank.
- Berger, Allen N. & Rosen, Richard J. & Udell, Gregory F., 2005.
"Does Market Size Structure Affect Competition? The Case of Small Business Lending,"
CEI Working Paper Series, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University
2005-8, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
- Berger, Allen N. & Rosen, Richard J. & Udell, Gregory F., 2007. "Does market size structure affect competition? The case of small business lending," Journal of Banking & Finance, Elsevier, Elsevier, vol. 31(1), pages 11-33, January.
- Harhoff, Dietmar & Korting, Timm, 1998. "Lending relationships in Germany - Empirical evidence from survey data," Journal of Banking & Finance, Elsevier, Elsevier, vol. 22(10-11), pages 1317-1353, October.
- Wim Naudé, 2011. "Foreign Aid for Innovation: The Missing Ingredient in Private Sector Development?," Working Papers, Maastricht School of Management 2011/35, Maastricht School of Management.
- Roman Angela, 2011. "Smes' Sector Access To Finance: An Overview," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 431-437, July.
- Mateev, Miroslav & Poutziouris, Panikkos & Ivanov, Konstantin, 2013. "On the determinants of SME capital structure in Central and Eastern Europe: A dynamic panel analysis," Research in International Business and Finance, Elsevier, Elsevier, vol. 27(1), pages 28-51.
- Roman Angela & Rusu Valentina Diana, 2012. "The Access Of Small And Medium Size Enterprises To Banking Financing And Current Challanges: The Case Of Eu Countries," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(14), pages 21.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Roula I. Yazigi).
If references are entirely missing, you can add them using this form.