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Financial Access - Measurement and Determinants: A Case Study of Unorganised Manufacturing Enterprises in India

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  • T.A. Bhavani
  • N R Bhanumurthy

Abstract

This paper attempts to study financial access of unorganized manufacturing enterprises in India given their importance to the economy and the fact that finance has been the main constraint on their growth. Approach of the paper is to review financial access from the macroeconomic growth perspective.

Suggested Citation

  • T.A. Bhavani & N R Bhanumurthy, 2015. "Financial Access - Measurement and Determinants: A Case Study of Unorganised Manufacturing Enterprises in India," Working Papers id:6470, eSocialSciences.
    • Handle: RePEc:ess:wpaper:id:6470
    Note: Institutional Papers
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    References listed on IDEAS

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    1. Chittenden, Francis & Hall, Graham & Hutchinson, Patrick, 1996. "Small Firm Growth, Access to Capital Markets and Financial Structure: Review of Issues and an Empirical Investigation," Small Business Economics, Springer, vol. 8(1), pages 59-67, February.
    2. Beck, Thorsten & Demirguc-Kunt, Asli & Laeven, Luc & Maksimovic, Vojislav, 2006. "The determinants of financing obstacles," Journal of International Money and Finance, Elsevier, vol. 25(6), pages 932-952, October.
    3. Honorati, Maddalena & Mengistae, Taye, 2007. "Corruption, business environment, and small business fixed investment in India," Policy Research Working Paper Series 4356, The World Bank.
    4. Levine, Ross, 2005. "Finance and Growth: Theory and Evidence," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 12, pages 865-934, Elsevier.
    5. Suresh D. Tendulkar & T. A. Bhavani, 1997. "Policy on Modern Small Scale Industries: A Case of Government Failure," Indian Economic Review, Department of Economics, Delhi School of Economics, vol. 32(1), pages 39-64, January.
    6. 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.
    7. Allen, Franklin & Chakrabarti, Rajesh & De, Sankar & Qian, Jun “QJ” & Qian, Meijun, 2012. "Financing firms in India," Journal of Financial Intermediation, Elsevier, vol. 21(3), pages 409-445.
    8. Consultative Group to Assist the Poor, 2009. "Financial Access 2009 : Measuring Access to Financial Services around the World," World Bank Publications - Reports 12843, The World Bank Group.
    9. Robert E. Carpenter & Bruce C. Petersen, 2002. "Is The Growth Of Small Firms Constrained By Internal Finance?," The Review of Economics and Statistics, MIT Press, vol. 84(2), pages 298-309, May.
    10. Mohini Malhotra & Yanni Chen & Alberto Criscuolo & Qimiao Fan & Iva lIieva Hamel & Yevgeniya Savchenko, 2007. "Expanding Access to Finance : Good Practices and Policies for Micro, Small, and Medium Enterprises," World Bank Publications - Books, The World Bank Group, number 6621.
    11. Honorati, Maddalena & Mengistae, Taye, 2007. "Corruption, the business environment, and small business growth in India," Policy Research Working Paper Series 4338, The World Bank.
    12. Love, Inessa & Martinez Peria, Maria Soledad, 2005. "Firm financing in India : recent trends and patterns," Policy Research Working Paper Series 3476, The World Bank.
    13. Safavian, Mehnaz & Wimpey, Joshua, 2007. "When do enterprises prefer informal credit ?," Policy Research Working Paper Series 4435, The World Bank.
    14. Oecd, 2006. "The SME Financing Gap: Theory and Evidence," Financial Market Trends, OECD Publishing, vol. 2006(2), pages 89-97.
    15. Planning Commission, India, 2011. "Faster, Sustainable and More Inclusive Growth: An Approach to the 12th Five Year Plan," Working Papers id:4452, eSocialSciences.
    16. Suresh D. Tendulkar & T. A. Bhavani, 1997. "Policy On Modem Small Scale Industries: A Case Of Government Failure," Working papers 44, Centre for Development Economics, Delhi School of Economics.
    17. World Bank, 2008. "Finance for All? Policies and Pitfalls in Expanding Access," World Bank Publications - Books, The World Bank Group, number 6905.
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    Cited by:

    1. Badola, Shivani & Mukherjee, Sacchidananda, 2020. "Factors Influencing Access to Formal Credit of Unincorporated Enterprises in India: Analysis of NSSO's Unit-level Data," Working Papers 20/326, National Institute of Public Finance and Policy.

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    More about this item

    Keywords

    Financial Access; Financial Resource Gap; Manufacturing; Unorganised segment; measurement; Determinants; India; macroeconomic growth; investments; small enterprises.;
    All these keywords.

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
    • G20 - Financial Economics - - Financial Institutions and Services - - - General

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