Financing Small and Medium-Size Enterprises with Factoring: Global Growth and its Potential in Eastern Europe

Financing Small and Medium-Size Enterprises with Factoring: Global Growth and its Potential in Eastern Europe

Factoring is a form of asset-based finance where the credit is extended based on the value of the borrower's accounts receivable. In recent years factoring has experienced phenomenal growth and has become an important source of financing-espec...

Full description

Bibliographic Details
Main Authors:	Bakker, Marie H. R., Klapper, Leora, Udell, Gregory F.
Format:	Policy Research Working Paper
Language:	English en_US
Published:	Warsaw: World Bank 2013
Subjects:	ACCOUNTS ASSETS BAD DEBT BANKRUPTCY BORROWING BUNDLING CHECKING COLLECTION SERVICES COMMERCIAL CREDIT CONTRACT ENFORCEMENT CREDIT RISK DEFAULT RISK DEVELOPMENT ECONOMICS ECONOMICS ECONOMICS RESEARCH ECONOMIES OF SCALE EMERGING MARKETS EXPORTS EXTERNAL FINANCING FACE VALUE FACTORING FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SYSTEMS FIXED COSTS FOREIGN COMPANIES GDP INSURANCE INVENTORY LAWS LIABILITY RELATIONSHIP LENDING WORKING CAPITAL ACCOUNTING RULES ACCOUNTING STANDARDS ADVERSE SELECTION ASYMMETRIC INFORMATION BALANCE SHEET BUSINESS ENVIRONMENT CASH ADVANCES COLLATERAL COMMERCIAL FINANCE CONSUMER CREDIT CREDIT INSURANCE CREDIT RATIONING CURRENT ACCOUNTS DEBT MARKETS DOMESTIC FINANCING EQUITY INVESTMENTS FINANCIAL CONDITION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARIES FINANCIAL RATIOS FINANCIAL STATEMENTS FINANCIAL SUPPORT FINANCIAL SYSTEM INFORMATION ASYMMETRY INSURANCE INDUSTRY INTEREST RATES INVESTMENT DECISIONS LIQUIDATION VALUE PRIVATE DEBT PRIVATE EQUITY SECURED LENDING SMALL BANKS TANGIBLE ASSETS TRADE CREDIT VENTURE CAPITAL WORKING CAPITAL
Online Access:	http://documents.worldbank.org/curated/en/2004/06/4964220/financing-small-medium-size-enterprises-factoring-global-growth-potential-eastern-europe http://hdl.handle.net/10986/14059

Internet

http://documents.worldbank.org/curated/en/2004/06/4964220/financing-small-medium-size-enterprises-factoring-global-growth-potential-eastern-europe
http://hdl.handle.net/10986/14059