Small and Medium Enterprises : A Cross-Country Analysis with a New Data Set
In the aftermath of the global financial crisis of 2008-2009, there has been an increased interest in the role of small and medium enterprises in job creation and economic growth. However the lack of consistent indicators at the country level restr...
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| Format: | Policy Research Working Paper |
| Language: | English |
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2012
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| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110118141007 http://hdl.handle.net/10986/3309 |
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okr-10986-3309 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ACCESS TO CREDIT ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCESSIBILITY BANK ASSETS BANK BRANCHES BANK CONSOLIDATION BANK CREDIT BANK FINANCING BANK LENDING BANK LOANS BANKING CONCENTRATION BANKING RELATIONSHIPS BANKING STRUCTURE BANKING SYSTEM BANKING SYSTEM ASSETS BANKRUPTCY BANKRUPTCY LAWS BANKS BORROWER BUSINESS ENVIRONMENT BUSINESS ENVIRONMENTS CAPITALIZATION CASH FLOWS CENTRAL BANK CENTRAL BANKS COLLECTION PROCESSES COMMERCIAL BANK COMMERCIAL BANK LOANS COMMERCIAL BANKS CONSUMER LOANS CONTRACT ENFORCEMENT CORPORATION COST OF CREDIT CREDIT AVAILABILITY CREDIT BUREAU CREDIT CONSTRAINTS CREDIT HISTORY CREDIT INFORMATION CREDIT MARKET CREDIT PROVIDERS CREDIT REGISTRIES CREDIT REGISTRY CREDIT SCORING CREDIT TERMS CREDITWORTHINESS DEPENDENT DEPOSIT DEPOSITS DEVELOPING COUNTRIES DEVELOPMENT BANK DOMESTIC CREDIT ECONOMIC DEVELOPMENT ECONOMIC GROWTH EMPLOYMENT EMPLOYMENT OPPORTUNITIES ENFORCEMENT PROCEDURES ENTERPRISE FINANCING ENTREPRENEURSHIP EXTENSION OF CREDIT EXTERNAL FINANCE EXTERNAL FINANCING FACTORING FEDERAL RESERVE FEDERAL RESERVE BANK FINANCE CORPORATION FINANCIAL ACCESS FINANCIAL CRISIS FINANCIAL DEVELOPMENT FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL REGULATOR FINANCIAL REGULATORS FINANCIAL STRUCTURE FINANCIAL SUPPORT FINANCIAL SYSTEMS FINANCING OBSTACLES FIRM SIZE FIRMS FORMAL BANK FORMAL FINANCIAL SERVICES GLOBAL ECONOMY GROSS DOMESTIC PRODUCT HOUSEHOLDS INDIVIDUAL ENTREPRENEURS INEQUALITY INFLATION INFORMAL ECONOMY INFORMATION SHARING INSTITUTIONAL ARRANGEMENTS INTEREST RATE INTEREST RATE SPREAD INTEREST RATES INTERNATIONAL BANK INTERNATIONAL FINANCE JOB CREATION LACK OF ACCESS LACK OF COLLATERAL LARGE BANKS LARGE ENTERPRISES LARGE FIRMS LAW ENFORCEMENT LEASING LEGAL CONSTRAINTS LEGAL FRAMEWORKS LEGAL RIGHTS LEGAL SYSTEMS LENDERS LENDING INTEREST RATE LEVELS OF CREDIT LINES OF CREDIT LIQUIDITY LIQUIDITY CONSTRAINTS LISTED COMPANIES LOAN LOAN APPLICATION LOAN APPLICATIONS LOAN RATE LOAN RATES LOAN SIZE LOAN VOLUME LOANS TO INDIVIDUAL LOCAL FINANCIAL MARKET LONG-TERM LOANS MACROECONOMIC INSTABILITY MARKET CAPITALIZATION MARKET ECONOMY MARKET SIZE MEDIUM ENTERPRISE MEDIUM ENTERPRISES NET INTEREST MARGIN NUMBER OF BANK OFFSHORE CENTER OFFSHORE FINANCIAL CENTER OFFSHORE FINANCIAL CENTERS OPERATING COSTS OUTSTANDING LOANS OVERHEAD COSTS PORTFOLIO POVERTY ALLEVIATION PRIVATE CREDIT PRIVATE CREDIT BUREAU PUBLIC CREDIT REAL INTEREST REAL INTEREST RATE RISK PREMIUMS SCALE ENTERPRISES SHARE OF ASSETS SIZE OF FIRMS SMALL BANKS SMALL BUSINESS SMALL BUSINESS FINANCING SMALL BUSINESS LENDING SMALL BUSINESSES SMALL ENTERPRISES SMALL FIRM SMALL FIRM FINANCE SMALL FIRMS SMALL LOANS SME SME DEVELOPMENT SME FINANCE SME FINANCING SME LENDING SME SECTOR SME STATISTICS SUPERVISORY AGENCIES TRANSACTION TRANSACTION COSTS TRANSITION COUNTRIES TRANSITION COUNTRY TRANSITION ECONOMIES TRANSPARENCY UNION VENTURE CAPITAL |
| spellingShingle |
ACCESS TO CREDIT ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCESSIBILITY BANK ASSETS BANK BRANCHES BANK CONSOLIDATION BANK CREDIT BANK FINANCING BANK LENDING BANK LOANS BANKING CONCENTRATION BANKING RELATIONSHIPS BANKING STRUCTURE BANKING SYSTEM BANKING SYSTEM ASSETS BANKRUPTCY BANKRUPTCY LAWS BANKS BORROWER BUSINESS ENVIRONMENT BUSINESS ENVIRONMENTS CAPITALIZATION CASH FLOWS CENTRAL BANK CENTRAL BANKS COLLECTION PROCESSES COMMERCIAL BANK COMMERCIAL BANK LOANS COMMERCIAL BANKS CONSUMER LOANS CONTRACT ENFORCEMENT CORPORATION COST OF CREDIT CREDIT AVAILABILITY CREDIT BUREAU CREDIT CONSTRAINTS CREDIT HISTORY CREDIT INFORMATION CREDIT MARKET CREDIT PROVIDERS CREDIT REGISTRIES CREDIT REGISTRY CREDIT SCORING CREDIT TERMS CREDITWORTHINESS DEPENDENT DEPOSIT DEPOSITS DEVELOPING COUNTRIES DEVELOPMENT BANK DOMESTIC CREDIT ECONOMIC DEVELOPMENT ECONOMIC GROWTH EMPLOYMENT EMPLOYMENT OPPORTUNITIES ENFORCEMENT PROCEDURES ENTERPRISE FINANCING ENTREPRENEURSHIP EXTENSION OF CREDIT EXTERNAL FINANCE EXTERNAL FINANCING FACTORING FEDERAL RESERVE FEDERAL RESERVE BANK FINANCE CORPORATION FINANCIAL ACCESS FINANCIAL CRISIS FINANCIAL DEVELOPMENT FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL REGULATOR FINANCIAL REGULATORS FINANCIAL STRUCTURE FINANCIAL SUPPORT FINANCIAL SYSTEMS FINANCING OBSTACLES FIRM SIZE FIRMS FORMAL BANK FORMAL FINANCIAL SERVICES GLOBAL ECONOMY GROSS DOMESTIC PRODUCT HOUSEHOLDS INDIVIDUAL ENTREPRENEURS INEQUALITY INFLATION INFORMAL ECONOMY INFORMATION SHARING INSTITUTIONAL ARRANGEMENTS INTEREST RATE INTEREST RATE SPREAD INTEREST RATES INTERNATIONAL BANK INTERNATIONAL FINANCE JOB CREATION LACK OF ACCESS LACK OF COLLATERAL LARGE BANKS LARGE ENTERPRISES LARGE FIRMS LAW ENFORCEMENT LEASING LEGAL CONSTRAINTS LEGAL FRAMEWORKS LEGAL RIGHTS LEGAL SYSTEMS LENDERS LENDING INTEREST RATE LEVELS OF CREDIT LINES OF CREDIT LIQUIDITY LIQUIDITY CONSTRAINTS LISTED COMPANIES LOAN LOAN APPLICATION LOAN APPLICATIONS LOAN RATE LOAN RATES LOAN SIZE LOAN VOLUME LOANS TO INDIVIDUAL LOCAL FINANCIAL MARKET LONG-TERM LOANS MACROECONOMIC INSTABILITY MARKET CAPITALIZATION MARKET ECONOMY MARKET SIZE MEDIUM ENTERPRISE MEDIUM ENTERPRISES NET INTEREST MARGIN NUMBER OF BANK OFFSHORE CENTER OFFSHORE FINANCIAL CENTER OFFSHORE FINANCIAL CENTERS OPERATING COSTS OUTSTANDING LOANS OVERHEAD COSTS PORTFOLIO POVERTY ALLEVIATION PRIVATE CREDIT PRIVATE CREDIT BUREAU PUBLIC CREDIT REAL INTEREST REAL INTEREST RATE RISK PREMIUMS SCALE ENTERPRISES SHARE OF ASSETS SIZE OF FIRMS SMALL BANKS SMALL BUSINESS SMALL BUSINESS FINANCING SMALL BUSINESS LENDING SMALL BUSINESSES SMALL ENTERPRISES SMALL FIRM SMALL FIRM FINANCE SMALL FIRMS SMALL LOANS SME SME DEVELOPMENT SME FINANCE SME FINANCING SME LENDING SME SECTOR SME STATISTICS SUPERVISORY AGENCIES TRANSACTION TRANSACTION COSTS TRANSITION COUNTRIES TRANSITION COUNTRY TRANSITION ECONOMIES TRANSPARENCY UNION VENTURE CAPITAL Ardic, Oya Pinar Mylenko, Nataliya Saltane, Valentina Small and Medium Enterprises : A Cross-Country Analysis with a New Data Set |
| geographic_facet |
The World Region The World Region |
| relation |
Policy Research working paper ; no. WPS 5538 |
| description |
In the aftermath of the global financial
crisis of 2008-2009, there has been an increased interest in
the role of small and medium enterprises in job creation and
economic growth. However the lack of consistent indicators
at the country level restricts extensive cross-country
analyses of lending to small and medium enterprises. This
paper introduces a new dataset to fill this gap in the small
and medium enterprise data landscape. In addition, it
provides the first set of results of analyses with this new
dataset, predicting the global small and medium enterprise
lending volume to be $10 trillion. The bulk of this volume,
70 percent, is in high-income countries. On average, small
and medium enterprise loans constitute 13 percent of gross
domestic product in developed countries and 3 percent in
developing countries. Note that although a unique small and
medium enterprise definition does not exist, differences in
definitions across countries are not statistically
significant in explaining the differences in small and
medium enterprise lending volumes. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Ardic, Oya Pinar Mylenko, Nataliya Saltane, Valentina |
| author_facet |
Ardic, Oya Pinar Mylenko, Nataliya Saltane, Valentina |
| author_sort |
Ardic, Oya Pinar |
| title |
Small and Medium Enterprises : A Cross-Country Analysis with a New Data Set |
| title_short |
Small and Medium Enterprises : A Cross-Country Analysis with a New Data Set |
| title_full |
Small and Medium Enterprises : A Cross-Country Analysis with a New Data Set |
| title_fullStr |
Small and Medium Enterprises : A Cross-Country Analysis with a New Data Set |
| title_full_unstemmed |
Small and Medium Enterprises : A Cross-Country Analysis with a New Data Set |
| title_sort |
small and medium enterprises : a cross-country analysis with a new data set |
| publishDate |
2012 |
| url |
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110118141007 http://hdl.handle.net/10986/3309 |
| _version_ |
1764386772803911680 |
| spelling |
okr-10986-33092021-04-23T14:02:08Z Small and Medium Enterprises : A Cross-Country Analysis with a New Data Set Ardic, Oya Pinar Mylenko, Nataliya Saltane, Valentina ACCESS TO CREDIT ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCESSIBILITY BANK ASSETS BANK BRANCHES BANK CONSOLIDATION BANK CREDIT BANK FINANCING BANK LENDING BANK LOANS BANKING CONCENTRATION BANKING RELATIONSHIPS BANKING STRUCTURE BANKING SYSTEM BANKING SYSTEM ASSETS BANKRUPTCY BANKRUPTCY LAWS BANKS BORROWER BUSINESS ENVIRONMENT BUSINESS ENVIRONMENTS CAPITALIZATION CASH FLOWS CENTRAL BANK CENTRAL BANKS COLLECTION PROCESSES COMMERCIAL BANK COMMERCIAL BANK LOANS COMMERCIAL BANKS CONSUMER LOANS CONTRACT ENFORCEMENT CORPORATION COST OF CREDIT CREDIT AVAILABILITY CREDIT BUREAU CREDIT CONSTRAINTS CREDIT HISTORY CREDIT INFORMATION CREDIT MARKET CREDIT PROVIDERS CREDIT REGISTRIES CREDIT REGISTRY CREDIT SCORING CREDIT TERMS CREDITWORTHINESS DEPENDENT DEPOSIT DEPOSITS DEVELOPING COUNTRIES DEVELOPMENT BANK DOMESTIC CREDIT ECONOMIC DEVELOPMENT ECONOMIC GROWTH EMPLOYMENT EMPLOYMENT OPPORTUNITIES ENFORCEMENT PROCEDURES ENTERPRISE FINANCING ENTREPRENEURSHIP EXTENSION OF CREDIT EXTERNAL FINANCE EXTERNAL FINANCING FACTORING FEDERAL RESERVE FEDERAL RESERVE BANK FINANCE CORPORATION FINANCIAL ACCESS FINANCIAL CRISIS FINANCIAL DEVELOPMENT FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL REGULATOR FINANCIAL REGULATORS FINANCIAL STRUCTURE FINANCIAL SUPPORT FINANCIAL SYSTEMS FINANCING OBSTACLES FIRM SIZE FIRMS FORMAL BANK FORMAL FINANCIAL SERVICES GLOBAL ECONOMY GROSS DOMESTIC PRODUCT HOUSEHOLDS INDIVIDUAL ENTREPRENEURS INEQUALITY INFLATION INFORMAL ECONOMY INFORMATION SHARING INSTITUTIONAL ARRANGEMENTS INTEREST RATE INTEREST RATE SPREAD INTEREST RATES INTERNATIONAL BANK INTERNATIONAL FINANCE JOB CREATION LACK OF ACCESS LACK OF COLLATERAL LARGE BANKS LARGE ENTERPRISES LARGE FIRMS LAW ENFORCEMENT LEASING LEGAL CONSTRAINTS LEGAL FRAMEWORKS LEGAL RIGHTS LEGAL SYSTEMS LENDERS LENDING INTEREST RATE LEVELS OF CREDIT LINES OF CREDIT LIQUIDITY LIQUIDITY CONSTRAINTS LISTED COMPANIES LOAN LOAN APPLICATION LOAN APPLICATIONS LOAN RATE LOAN RATES LOAN SIZE LOAN VOLUME LOANS TO INDIVIDUAL LOCAL FINANCIAL MARKET LONG-TERM LOANS MACROECONOMIC INSTABILITY MARKET CAPITALIZATION MARKET ECONOMY MARKET SIZE MEDIUM ENTERPRISE MEDIUM ENTERPRISES NET INTEREST MARGIN NUMBER OF BANK OFFSHORE CENTER OFFSHORE FINANCIAL CENTER OFFSHORE FINANCIAL CENTERS OPERATING COSTS OUTSTANDING LOANS OVERHEAD COSTS PORTFOLIO POVERTY ALLEVIATION PRIVATE CREDIT PRIVATE CREDIT BUREAU PUBLIC CREDIT REAL INTEREST REAL INTEREST RATE RISK PREMIUMS SCALE ENTERPRISES SHARE OF ASSETS SIZE OF FIRMS SMALL BANKS SMALL BUSINESS SMALL BUSINESS FINANCING SMALL BUSINESS LENDING SMALL BUSINESSES SMALL ENTERPRISES SMALL FIRM SMALL FIRM FINANCE SMALL FIRMS SMALL LOANS SME SME DEVELOPMENT SME FINANCE SME FINANCING SME LENDING SME SECTOR SME STATISTICS SUPERVISORY AGENCIES TRANSACTION TRANSACTION COSTS TRANSITION COUNTRIES TRANSITION COUNTRY TRANSITION ECONOMIES TRANSPARENCY UNION VENTURE CAPITAL In the aftermath of the global financial crisis of 2008-2009, there has been an increased interest in the role of small and medium enterprises in job creation and economic growth. However the lack of consistent indicators at the country level restricts extensive cross-country analyses of lending to small and medium enterprises. This paper introduces a new dataset to fill this gap in the small and medium enterprise data landscape. In addition, it provides the first set of results of analyses with this new dataset, predicting the global small and medium enterprise lending volume to be $10 trillion. The bulk of this volume, 70 percent, is in high-income countries. On average, small and medium enterprise loans constitute 13 percent of gross domestic product in developed countries and 3 percent in developing countries. Note that although a unique small and medium enterprise definition does not exist, differences in definitions across countries are not statistically significant in explaining the differences in small and medium enterprise lending volumes. 2012-03-19T18:00:00Z 2012-03-19T18:00:00Z 2011-01-01 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110118141007 http://hdl.handle.net/10986/3309 English Policy Research working paper ; no. WPS 5538 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Publications & Research :: Policy Research Working Paper The World Region The World Region |