Access to finance represents one of the most significant challenges for entrepreneurs and for the creation, survival and growth of small businesses. As governments address this challenge, they are running up against a major and longstanding obstacle to policy making: insufficient evidence and data. Better data is needed to understand the financing needs of SMEs and entrepreneurs and to provide the basis for informed institutional and public policy decisions.
This first edition of "Financing SMEs and Entrepreneurs: An OECD Scoreboard" represents a major step in addressing this obstacle by establishing a comprehensive international framework for monitoring SMEs’ and entrepreneurs’ access to finance over time. Comprising 18 countries, including Canada, Chile, Denmark, Finland, France, Hungary, Italy, Korea, the Netherlands, New Zealand, Portugal, Slovak Republic, Slovenia, Sweden, Switzerland, Thailand, the United Kingdom and the United States, the Scoreboard presents data for a number of debt, equity and financing framework condition indicators. Taken together, they provide governments and other stakeholders with a tool to understand SMEs’ financing needs, to support the design and evaluation of policy measures and to monitor the implications of financial reforms on SMEs’ access to finance.
- 19 Apr 2012
Financing SMEs and Entrepreneurs: Understanding and Developing an OECD Scoreboard
This chapter provides the users of the Scoreboard on SME and entrepreneurship finance with tools to interpret the data. It introduces the methodology and presents the core indicators used in the country profiles. The chapter explains the criteria for the selection of indicators and discusses the limitations to cross-country comparability. It highlights areas for advancement and concludes with recommendations to improve SME finance data so as to enable better cross-country comparisons in the future.