Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/215332 
Year of Publication: 
2020
Series/Report no.: 
IZA Discussion Papers No. 12936
Publisher: 
Institute of Labor Economics (IZA), Bonn
Abstract: 
We review the literature on financial constraints and the performance of small and medium enterprises (SMEs). We consider the important role that SMEs play in the economies of Australia and the Organisation for Economic Cooperation and Development. We examine the role of financial constraints in SME growth, with emphasis on business cycles and credit access. We discuss issues that SMEs face in accessing financial resources for expansion. We look at the literature that evaluates the impact of financial constraints on key outcomes: employment, productivity and wages. We review key policy debates and consider where government involvement might be appropriate.
Subjects: 
small and medium enterprises (SME)
firm financial constraints
government business assistance
employment
wages
productivity
innovation
JEL: 
D22
L25
Document Type: 
Working Paper

Files in This Item:
File
Size
517.29 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.