The present paper estimates the impact of bureaucratic corruption on access to finance of small and medium-size enterprises in 114 developing countries. Corruption can hurt small and medium-size enterprises’ access to finance by lowering profits, increasing credit demand, increasing bankruptcy chances, creating uncertainty about the firm’s future profit, and exacerbating the asymmetric information problem between borrowers and lenders. Consistent...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2021/10/19
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Рабочий документ в рамках исследования вопросов политики
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WPS9812
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1
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1
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2021/10/19
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Disclosed
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The Impact of Corruption on SMEs’ Access to Finance : Evidence Using Firm-Level Survey Data from Developing Countries
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corruption
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