Assessing Firms' Financing Constraints in Brazil

Assessing Firms' Financing Constraints in Brazil

Firm surveys often indicate that firms complain a lot about lack of access to financial services, but financing constraints are difficult to identify, given demand and supply considerations and with only surveys based on firms' perceptions. Sp...

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Bibliographic Details
Main Authors:	Claessens, Stijn, Sakho, Yaye Seynabou
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	ACCESS TO BANK ACCESS TO CREDIT ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCESS TO FINANCING ANTI-CREDITOR APPLICATION PROCEDURES ASYMMETRIC INFORMATION AVAILABILITY OF COLLATERAL BALANCE SHEET BANK ACCOUNT BANK CHARGES BANK CREDIT BANK FINANCING BANK INTEREST RATES BANK INTERMEDIATION BANK LENDING BANK LENDING RELATIONSHIP BANK LIQUIDITY BANK LOAN BANK LOANS BANK MONITORING BANKING CRISIS BANKING MARKETS BANKING SYSTEM BANKING SYSTEMS BANKS BIASES BORROWER BORROWING BUSINESS CREDIT BUSINESS CYCLE CAPITAL LOANS CAPITAL STOCK CAPITAL STRUCTURE CASH FLOW CASH FLOWS CASH PAYMENT CD CENTRAL BANK COLLATERAL COLLATERAL REQUIREMENT COLLATERALS COMMERCIAL BANKS CONTRACT DESIGN CONTRACT ENFORCEABILITY CONTRACT ENFORCEMENT CORPORATE FINANCING CORPORATE INVESTMENT CORRUPTION COST OF CAPITAL COST OF CREDIT COURT RULING CREDIT ACCESS CREDIT CRUNCH CREDIT GROWTH CREDIT HISTORY CREDIT INFORMATION CREDIT INSTRUMENT CREDIT LIMIT CREDIT LINE CREDIT LINES CREDIT MARKET CREDIT MARKETS CREDIT RATIONING CREDIT RECORD CREDIT REGISTRIES CREDIT REGISTRY CREDIT RISK CREDITOR CREDITOR CLAIM CREDITORS CREDITWORTHINESS DEBT DEBT OUTSTANDING DEBTORS DEMAND FOR CREDIT DEPENDENT DEVELOPING COUNTRIES DIRECTED CREDIT DISCRIMINATION DOMESTIC BANK DOMESTIC CREDIT ECONOMIC ACTIVITY ECONOMIC SYSTEMS EMERGING MARKET EQUILIBRIUM CREDIT EQUILIBRIUM CREDIT RATIONING EQUITY RATIO EXCLUSION EXTERNAL FINANCING EXTERNAL FINANCING CONSTRAINTS FINANCES FINANCIAL CRISIS FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL MARKET FINANCIAL PLANNING FINANCIAL SERVICE FINANCIAL SERVICE PROVIDERS FINANCIAL STUDIES FINANCIAL SYSTEMS FINANCING CONSTRAINT FINANCING CONSTRAINTS GROWTH OPPORTUNITIES HIGH INTEREST RATES HOUSEHOLDS HUMAN RESOURCES INCOME GROUP INCOME STATEMENT INDIVIDUAL LOAN INFLATION INFORMATION ASYMMETRY INSTITUTIONAL ENVIRONMENT INSTRUMENT INTEREST RATE INTEREST RATE VOLATILITY INTEREST RATES INTEREST RATES FOR LOAN INTERMEDIATION SPREADS INTERNAL FINANCING INTERNAL FUNDS INTERNATIONAL BANK INVENTORIES INVESTMENT CLIMATE INVESTMENT DECISION INVESTMENT DECISIONS INVESTMENT FINANCING INVESTMENT FUNDS INVESTMENT OPPORTUNITIES JOB CREATION JUDGE JUDGES JUDICIAL EXECUTION JUDICIAL SYSTEM JURISDICTION LACK OF ACCESS LACK OF COLLATERAL LACK OF COMPETITION LACK OF CREDIT LARGE FIRMS LEGAL CONSTRAINTS LENDERS LENDING INTEREST RATES LEVEL OF INTEREST RATES LIABILITY LINE OF CREDIT LOAN LOAN CATEGORIES LOAN CATEGORY LOAN CHARACTERISTICS LOAN CONTRACTS LOAN DEMAND LOAN MARKET LOAN MATURITY LOAN RATE LOAN REQUEST LOAN VOLUMES MACROECONOMIC CONDITIONS MACROECONOMIC INSTABILITY MACROECONOMIC VARIABLES MACROECONOMICS MARKET COMPETITION MARKET CONDITIONS MARKET DEEPENING MARKET FAILURES MARKET LIQUIDITY MARKET STRUCTURE MARKET VALUE MATURITIES MONETARY FUND MONETARY POLICY OBSTACLES TO GROWTH OPPORTUNITY COST OUTSTANDING DEBT OUTSTANDING DEBTS OVERDRAFT OVERDRAFT LOANS OVERDRAFTS PARTNER BANK PERC POOR COLLATERAL POOR CREDIT POOR CREDIT HISTORY PRIVATE BANKS PRIVATE CREDIT PRODUCTIVITY PROFITABILITY PROMISSORY NOTE PROMISSORY NOTES PUBLIC BANK PUBLIC BANKS REAL INTEREST REAL INTEREST RATE REAL INTEREST RATES REGISTRY DATA REGISTRY SYSTEM REGULATORY POLICY RESERVE RESERVE BANK RESERVE BANK OF AUSTRALIA RETURNS SETTLEMENT SHORT-TERM INTEREST RATES SHORT-TERM TRADE FINANCE SMALL BANKS SMALL BUSINESS SMALL BUSINESS FINANCE SMALL LOANS SOURCES OF FINANCE STOCK MARKETS SUPPLY OF CREDIT TAX TAX RATES TAXATION TERM CREDIT TOTAL_DEBT TRADE CREDITS TRANSACTION TRANSACTIONS COSTS USE OF COLLATERAL USURY USURY LAWS WORKING CAPITAL
Online Access:	http://documents.worldbank.org/curated/en/2013/09/18321821/assessing-firms-financing-constraints-brazil http://hdl.handle.net/10986/16842

Internet

http://documents.worldbank.org/curated/en/2013/09/18321821/assessing-firms-financing-constraints-brazil
http://hdl.handle.net/10986/16842

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