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SME Development Banks: Conceptual Framework and Empirical Analysis

Author

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  • A. Casagrande
  • M. Spallone
  • Fabio Massimo Mango
  • Pina Mure

Abstract

In this paper we develop a conceptual framework to define small and medium-sized enterprise development banks (SMEDB). This conceptual effort is motivated by the lack of a clear definition of SMEDB. Once a consistent definition of SMEDB is provided, we compare a sample of banks that are SMEDB according to such definition with a sample of commercial banks. We conclude that it is possible to separate SMEDB from commercial banks in a statistically significant manner by taking into consideration a set of relevant financial indicators and we confirm the widespread idea that SMEDB play a crucial public/social role.

Suggested Citation

  • A. Casagrande & M. Spallone & Fabio Massimo Mango & Pina Mure, 2018. "SME Development Banks: Conceptual Framework and Empirical Analysis," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 9(2), pages 112-121, April.
    • Handle: RePEc:jfr:ijfr11:v:9:y:2018:i:2:p:112-121
    DOI: 10.5430/ijfr.v9n2p112
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    References listed on IDEAS

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    1. Jeremy Bulow & Kenneth Rogoff, 2005. "Grants versus Loans for Development Banks," American Economic Review, American Economic Association, vol. 95(2), pages 393-397, May.
    2. Jonathan Sanford, 1975. "Development Theory and the Multilateral Development Banks: An Assessment of the Effectiveness of Strategies Used in International Development Finance," American Journal of Economics and Sociology, Wiley Blackwell, vol. 34(2), pages 175-195, April.
    3. Okazaki Tetsuji & Ueda Kazuo, 1995. "The Performance of Development Banks: The Case of the Reconstruction Finance Bank," Journal of the Japanese and International Economies, Elsevier, vol. 9(4), pages 486-504, December.
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