Survey on Lending Practices to SMEs in Austria

The importance of small and medium enterprises (SMEs) to economic development and job creation is increasingly recognized across the world. With an expected 58 percent of gross value added in 2012, SMEs are perceived to be the backbone of the econo...

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Bibliographic Details
Main Author:	Lindner, Bernhard
Format:	Working Paper
Language:	English en_US
Published:	World Bank, Vienna 2016
Subjects:	LOAN PROCESSING TIME ACCOUNTING PRINCIPLES PHYSICAL CAPITAL EMPLOYMENT DEPOSIT CO-OPERATIVE BANK CREDIT CARDS ACCOUNTING DEPOSITS PEOPLE POLICY ENVIRONMENT FINANCIAL MANAGEMENT FINANCING MICRO-ENTERPRISES BANK OFFICE LENDING POLICIES CREDIT SCORE INDUSTRY STRATEGIES SERVICES BANK ACCOUNT CAPITAL STRUCTURES HOUSING CAPITAL STRUCTURE MORTGAGE CREDIT COOPERATIVES LENDING PORTFOLIO CAPACITY BUILDING LOAN FEE PROJECTS BORROWERS CREDIT CARD CREDIT INSTITUTION CASH FLOWS AUDITS BANK LENDING SMALL BUSINESS MUNICIPAL BONDS NET ASSETS CREDITS SAVINGS TECHNICAL ASSISTANCE START-UP INDEBTEDNESS LIMITED ACCESS TO BANK MARKET DEVELOPMENT COMMERCIAL BANK TRANSPORT UNION ECONOMIC COOPERATION FINANCES LOAN DECISION CREDIT APPLICATIONS LENDING DECISIONS PAYMENT CRITERIA FINANCIAL INSTITUTIONS DEBT FINANCIAL CRISES LIMITED ACCESS LOAN APPLICATION MORTGAGE BANKS LOANS ENTERPRISES CAPITAL INVESTMENTS APPLICATION PROCESS BANK CREDIT FINANCIAL SYSTEM BANK FINANCING FINANCE FUTURE CASH FLOWS MICRO ENTERPRISES BANKING SECTOR SAVINGS ACCOUNT BANKS EQUITY GRANT CREDIT DECISIONS CAPITAL BUSINESS PLAN BUSINESS EXPERIENCE SMALL ENTERPRISES JOINT STOCK BANKS SUBSIDIARIES ACCESS TO FINANCE VALUE BANK CREDIT WORKING CAPITAL DOCUMENTATION REQUIREMENTS REPAYMENT ENTERPRISE PROPERTY UNIVERSAL BANKS GUARANTOR LOAN PORTFOLIO JOB CREATION BALANCE SHEET EQUITY RATIO CREDIT BUREAU RISK FACTORS PROFITABILITY INSURANCE ECONOMIC DEVELOPMENT INTERESTS SECURITY ACCOUNTING STANDARDS LOAN APPLICATIONS NATIONAL BANK INVESTMENT RISK LOAN PROCESS COMMERCIAL BANKS COLLATERAL BALANCE SHEETS AUSTRIAN NATIONAL BANK LOAN SIZE COOPERATION BANKING COOPERATIVES INVESTMENTS LENDING SAVINGS BANKS EXTERNAL FINANCING LOAN PROCESSING TAX RETURN REMITTANCES GOVERNMENTS TAX RETURNS CREDIT INSTITUTIONS CREDIT DECISION SAVINGS BANK CASH FLOW ECONOMIC CONDITIONS CREDIT APPLICATION AUDITING BUSINESS RISK SPECIALIZED BANKS EMPLOYEES
Online Access:	http://documents.worldbank.org/curated/en/2016/05/26396204/survey-lending-practices-smes-austria http://hdl.handle.net/10986/24493

id	okr-10986-24493
recordtype	oai_dc
spelling	okr-10986-244932021-04-23T14:04:22Z Survey on Lending Practices to SMEs in Austria Lindner, Bernhard LOAN PROCESSING TIME ACCOUNTING PRINCIPLES PHYSICAL CAPITAL EMPLOYMENT DEPOSIT CO-OPERATIVE BANK CREDIT CARDS ACCOUNTING DEPOSITS PEOPLE POLICY ENVIRONMENT FINANCIAL MANAGEMENT FINANCING MICRO-ENTERPRISES BANK OFFICE LENDING POLICIES CREDIT SCORE INDUSTRY STRATEGIES SERVICES BANK ACCOUNT CAPITAL STRUCTURES HOUSING CAPITAL STRUCTURE MORTGAGE CREDIT COOPERATIVES LENDING PORTFOLIO CAPACITY BUILDING LOAN FEE PROJECTS BORROWERS CREDIT CARD CREDIT INSTITUTION CASH FLOWS AUDITS BANK LENDING SMALL BUSINESS MUNICIPAL BONDS NET ASSETS CREDITS SAVINGS TECHNICAL ASSISTANCE START-UP INDEBTEDNESS LIMITED ACCESS TO BANK MARKET DEVELOPMENT COMMERCIAL BANK TRANSPORT UNION ECONOMIC COOPERATION FINANCES LOAN DECISION CREDIT APPLICATIONS LENDING DECISIONS PAYMENT CRITERIA FINANCIAL INSTITUTIONS DEBT FINANCIAL CRISES LIMITED ACCESS LOAN APPLICATION MORTGAGE BANKS LOANS ENTERPRISES CAPITAL INVESTMENTS APPLICATION PROCESS BANK CREDIT FINANCIAL SYSTEM BANK FINANCING FINANCE FUTURE CASH FLOWS MICRO ENTERPRISES BANKING SECTOR SAVINGS ACCOUNT BANKS EQUITY GRANT CREDIT DECISIONS CAPITAL BUSINESS PLAN BUSINESS EXPERIENCE SMALL ENTERPRISES JOINT STOCK BANKS SUBSIDIARIES ACCESS TO FINANCE VALUE BANK CREDIT WORKING CAPITAL DOCUMENTATION REQUIREMENTS REPAYMENT ENTERPRISE PROPERTY UNIVERSAL BANKS GUARANTOR LOAN PORTFOLIO JOB CREATION BALANCE SHEET EQUITY RATIO CREDIT BUREAU RISK FACTORS PROFITABILITY INSURANCE ECONOMIC DEVELOPMENT INTERESTS SECURITY ACCOUNTING STANDARDS LOAN APPLICATIONS NATIONAL BANK INVESTMENT RISK LOAN PROCESS COMMERCIAL BANKS COLLATERAL BALANCE SHEETS AUSTRIAN NATIONAL BANK LOAN SIZE COOPERATION BANKING COOPERATIVES INVESTMENTS LENDING SAVINGS BANKS EXTERNAL FINANCING LOAN PROCESSING TAX RETURN REMITTANCES GOVERNMENTS TAX RETURNS CREDIT INSTITUTIONS CREDIT DECISION SAVINGS BANK CASH FLOW ECONOMIC CONDITIONS CREDIT APPLICATION AUDITING BUSINESS RISK SPECIALIZED BANKS EMPLOYEES The importance of small and medium enterprises (SMEs) to economic development and job creation is increasingly recognized across the world. With an expected 58 percent of gross value added in 2012, SMEs are perceived to be the backbone of the economy especially within the European Union (EU). Although they faced particularly challenging economic conditions in 2011-12, SMEs within the EU still account for more than 98 percent of all enterprises and 67 percent of total employment. For such businesses, access to finance is a key factor for business start-up, development, survival, and growth. In September-October 2012, the World Bank Centre for financial reporting reform (CFRR) surveyed Austrian banks with a view to understanding the role played by financial information and audits in lending decisions. Respondents to the survey represent approximately one third of the sector based on total assets. The survey also assessed how banks measure the quality of the financial information they receive as part of a loan application. The purpose of this report is to inform the accounting and auditing profession, policy makers, and SMEs and their representative institutions about banks’ requirements and expectations regarding the scope of financial information provided by SMEs when applying for a credit. 2016-06-09T21:35:56Z 2016-06-09T21:35:56Z 2013-05 Working Paper http://documents.worldbank.org/curated/en/2016/05/26396204/survey-lending-practices-smes-austria http://hdl.handle.net/10986/24493 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Vienna Publications & Research Publications & Research :: Working Paper Europe and Central Asia Austria
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	LOAN PROCESSING TIME ACCOUNTING PRINCIPLES PHYSICAL CAPITAL EMPLOYMENT DEPOSIT CO-OPERATIVE BANK CREDIT CARDS ACCOUNTING DEPOSITS PEOPLE POLICY ENVIRONMENT FINANCIAL MANAGEMENT FINANCING MICRO-ENTERPRISES BANK OFFICE LENDING POLICIES CREDIT SCORE INDUSTRY STRATEGIES SERVICES BANK ACCOUNT CAPITAL STRUCTURES HOUSING CAPITAL STRUCTURE MORTGAGE CREDIT COOPERATIVES LENDING PORTFOLIO CAPACITY BUILDING LOAN FEE PROJECTS BORROWERS CREDIT CARD CREDIT INSTITUTION CASH FLOWS AUDITS BANK LENDING SMALL BUSINESS MUNICIPAL BONDS NET ASSETS CREDITS SAVINGS TECHNICAL ASSISTANCE START-UP INDEBTEDNESS LIMITED ACCESS TO BANK MARKET DEVELOPMENT COMMERCIAL BANK TRANSPORT UNION ECONOMIC COOPERATION FINANCES LOAN DECISION CREDIT APPLICATIONS LENDING DECISIONS PAYMENT CRITERIA FINANCIAL INSTITUTIONS DEBT FINANCIAL CRISES LIMITED ACCESS LOAN APPLICATION MORTGAGE BANKS LOANS ENTERPRISES CAPITAL INVESTMENTS APPLICATION PROCESS BANK CREDIT FINANCIAL SYSTEM BANK FINANCING FINANCE FUTURE CASH FLOWS MICRO ENTERPRISES BANKING SECTOR SAVINGS ACCOUNT BANKS EQUITY GRANT CREDIT DECISIONS CAPITAL BUSINESS PLAN BUSINESS EXPERIENCE SMALL ENTERPRISES JOINT STOCK BANKS SUBSIDIARIES ACCESS TO FINANCE VALUE BANK CREDIT WORKING CAPITAL DOCUMENTATION REQUIREMENTS REPAYMENT ENTERPRISE PROPERTY UNIVERSAL BANKS GUARANTOR LOAN PORTFOLIO JOB CREATION BALANCE SHEET EQUITY RATIO CREDIT BUREAU RISK FACTORS PROFITABILITY INSURANCE ECONOMIC DEVELOPMENT INTERESTS SECURITY ACCOUNTING STANDARDS LOAN APPLICATIONS NATIONAL BANK INVESTMENT RISK LOAN PROCESS COMMERCIAL BANKS COLLATERAL BALANCE SHEETS AUSTRIAN NATIONAL BANK LOAN SIZE COOPERATION BANKING COOPERATIVES INVESTMENTS LENDING SAVINGS BANKS EXTERNAL FINANCING LOAN PROCESSING TAX RETURN REMITTANCES GOVERNMENTS TAX RETURNS CREDIT INSTITUTIONS CREDIT DECISION SAVINGS BANK CASH FLOW ECONOMIC CONDITIONS CREDIT APPLICATION AUDITING BUSINESS RISK SPECIALIZED BANKS EMPLOYEES
spellingShingle	LOAN PROCESSING TIME ACCOUNTING PRINCIPLES PHYSICAL CAPITAL EMPLOYMENT DEPOSIT CO-OPERATIVE BANK CREDIT CARDS ACCOUNTING DEPOSITS PEOPLE POLICY ENVIRONMENT FINANCIAL MANAGEMENT FINANCING MICRO-ENTERPRISES BANK OFFICE LENDING POLICIES CREDIT SCORE INDUSTRY STRATEGIES SERVICES BANK ACCOUNT CAPITAL STRUCTURES HOUSING CAPITAL STRUCTURE MORTGAGE CREDIT COOPERATIVES LENDING PORTFOLIO CAPACITY BUILDING LOAN FEE PROJECTS BORROWERS CREDIT CARD CREDIT INSTITUTION CASH FLOWS AUDITS BANK LENDING SMALL BUSINESS MUNICIPAL BONDS NET ASSETS CREDITS SAVINGS TECHNICAL ASSISTANCE START-UP INDEBTEDNESS LIMITED ACCESS TO BANK MARKET DEVELOPMENT COMMERCIAL BANK TRANSPORT UNION ECONOMIC COOPERATION FINANCES LOAN DECISION CREDIT APPLICATIONS LENDING DECISIONS PAYMENT CRITERIA FINANCIAL INSTITUTIONS DEBT FINANCIAL CRISES LIMITED ACCESS LOAN APPLICATION MORTGAGE BANKS LOANS ENTERPRISES CAPITAL INVESTMENTS APPLICATION PROCESS BANK CREDIT FINANCIAL SYSTEM BANK FINANCING FINANCE FUTURE CASH FLOWS MICRO ENTERPRISES BANKING SECTOR SAVINGS ACCOUNT BANKS EQUITY GRANT CREDIT DECISIONS CAPITAL BUSINESS PLAN BUSINESS EXPERIENCE SMALL ENTERPRISES JOINT STOCK BANKS SUBSIDIARIES ACCESS TO FINANCE VALUE BANK CREDIT WORKING CAPITAL DOCUMENTATION REQUIREMENTS REPAYMENT ENTERPRISE PROPERTY UNIVERSAL BANKS GUARANTOR LOAN PORTFOLIO JOB CREATION BALANCE SHEET EQUITY RATIO CREDIT BUREAU RISK FACTORS PROFITABILITY INSURANCE ECONOMIC DEVELOPMENT INTERESTS SECURITY ACCOUNTING STANDARDS LOAN APPLICATIONS NATIONAL BANK INVESTMENT RISK LOAN PROCESS COMMERCIAL BANKS COLLATERAL BALANCE SHEETS AUSTRIAN NATIONAL BANK LOAN SIZE COOPERATION BANKING COOPERATIVES INVESTMENTS LENDING SAVINGS BANKS EXTERNAL FINANCING LOAN PROCESSING TAX RETURN REMITTANCES GOVERNMENTS TAX RETURNS CREDIT INSTITUTIONS CREDIT DECISION SAVINGS BANK CASH FLOW ECONOMIC CONDITIONS CREDIT APPLICATION AUDITING BUSINESS RISK SPECIALIZED BANKS EMPLOYEES Lindner, Bernhard Survey on Lending Practices to SMEs in Austria
geographic_facet	Europe and Central Asia Austria
description	The importance of small and medium enterprises (SMEs) to economic development and job creation is increasingly recognized across the world. With an expected 58 percent of gross value added in 2012, SMEs are perceived to be the backbone of the economy especially within the European Union (EU). Although they faced particularly challenging economic conditions in 2011-12, SMEs within the EU still account for more than 98 percent of all enterprises and 67 percent of total employment. For such businesses, access to finance is a key factor for business start-up, development, survival, and growth. In September-October 2012, the World Bank Centre for financial reporting reform (CFRR) surveyed Austrian banks with a view to understanding the role played by financial information and audits in lending decisions. Respondents to the survey represent approximately one third of the sector based on total assets. The survey also assessed how banks measure the quality of the financial information they receive as part of a loan application. The purpose of this report is to inform the accounting and auditing profession, policy makers, and SMEs and their representative institutions about banks’ requirements and expectations regarding the scope of financial information provided by SMEs when applying for a credit.
format	Working Paper
author	Lindner, Bernhard
author_facet	Lindner, Bernhard
author_sort	Lindner, Bernhard
title	Survey on Lending Practices to SMEs in Austria
title_short	Survey on Lending Practices to SMEs in Austria
title_full	Survey on Lending Practices to SMEs in Austria
title_fullStr	Survey on Lending Practices to SMEs in Austria
title_full_unstemmed	Survey on Lending Practices to SMEs in Austria
title_sort	survey on lending practices to smes in austria
publisher	World Bank, Vienna
publishDate	2016
url	http://documents.worldbank.org/curated/en/2016/05/26396204/survey-lending-practices-smes-austria http://hdl.handle.net/10986/24493
_version_	1764456866099757056

Survey on Lending Practices to SMEs in Austria

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