CEPAL Review

Frequency
3 times a year
ISSN: 
1684-0348 (online)
http://dx.doi.org/10.18356/bf11809a-en
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Cepal Review is the leading journal for the study of economic and social development issues in Latin America and the Caribbean. Edited by the Economic Commission for Latin America, each issue focuses on economic trends, industrialization, income distribution, technological development and monetary systems, as well as the implementation of economic reform and transfer of technology. Written in English and Spanish (Revista de la Cepal), each tri-annual issue offers approximately 12 studies and essays undertaken by authoritative experts or gathered from conference proceedings.
Also available in Spanish
Article
 

Creditor protection, information sharing and credit for small and medium-sized enterprises: Cross-country evidence You do not have access to this content

English
 
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    http://oecd.metastore.ingenta.com/content/36e258ad-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economic-and-social-development/creditor-protection-information-sharing-and-credit-for-small-and-medium-sized-enterprises-cross-country-evidence_36e258ad-en
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Author(s):
Arturo Galindo, Alejandro Micco
01 May 2017
Pages:
23
Bibliographic information
No.:
1,
Volume:
2016,
Issue:
120
Pages:
7–29
http://dx.doi.org/10.18356/36e258ad-en

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Using World Business Environment Survey results for firms in 61 countries, together with country dummies that allow us to deal with observed and unobserved country-specific components, as well as with partial endogeneity, we explore the roles played by creditor protection (e.g. the enforcement of credit contracts) and by the development of credit information mechanisms, such as credit registries, in determining the availability of bank credit for small and medium-sized enterprises (SMEs). We find that better creditor protection and the development of information-sharing mechanisms narrow the financing gap between small and large firms. Countries with poor creditor protection can offset this shortcoming by implementing credit information mechanisms.

Also available in Spanish