연구정보
[경제] Sustainable Financing Strategies for SMEs: Two Alternative Models
방글라데시 국외연구자료 연구보고서 - Asian Development Bank 발간일 : 2023-06-04 등록일 : 2023-06-11 원문링크
A sustainable financing strategy for small and medium-sized enterprises (SMEs) should aim to enhance a low-cost collateral-free supply of loans to SMEs with good track records of repayments to banks. We suggest two alternative financing mechanisms to overcome certain borrowing constraints of SMEs. First, we suggest an institutional mechanism involving the government, banks, and SMEs. Under the mechanism, a government’s subsidized loan fund with the provision of training and capacity-building support to borrower SMEs could reduce, on the one hand, the fund constraint of banks and, on the other hand, the asymmetry of information about borrowers, and so does the default risks. This model will allow banks to offer collateral-free lower-interest credit to SMEs, thereby improving their access to finance and their performance as well. Second, as the first model might involve borrower selection bias and moral hazard problems, an alternative model has been proposed with a digital financing mechanism with/without subsidized funds that could produce similar or better results. Using survey data from 526 SMEs in Bangladesh, the empirical results are found to be consistent with the prediction of our theoretical model.
본 페이지에 등재된 자료는 운영기관(KIEP) 및 EMERiCs의 공식적인 입장을 대변하고 있지 않습니다.
| 이전글 | [경제] Social Benefits of Clean Energy: Evidence from Bangladesh | 2023-06-11 |
|---|---|---|
| 다음글 | [경제] Bangladesh Economic Corridor Development Highlights | 2023-06-11 |
