Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/177777 
Autor:innen: 
Erscheinungsjahr: 
2017
Quellenangabe: 
[Journal:] IZA World of Labor [ISSN:] 2054-9571 [Article No.:] 398 [Publisher:] Institute for the Study of Labor (IZA) [Place:] Bonn [Year:] 2017
Verlag: 
Institute for the Study of Labor (IZA), Bonn
Zusammenfassung: 
Although small- and medium-sized enterprises (SMEs) represent more than 90% of all enterprises and play an important role in employment generation, they lack access to affordable formal finance. Conventionally, market failures and information imperfections are seen as majorcauses of this misallocation. However, the role of social and political factors in resource allocation, including access to formal finance, has recently become more widely accepted. Firm-level evidence from post-communist economies, for example, shows that political connectedness improves access to bank credit, but is not associated with enterprise growth.
Schlagwörter: 
transition economies
formal finance
connectedness
firm-level analysis
JEL: 
G38
P2
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
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