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Determinants of SME Finance: Evidence from Three Central European Countries

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dc.title Determinants of SME Finance: Evidence from Three Central European Countries en
dc.contributor.author Rahman, Ashiqur
dc.contributor.author Rahman, M. Twyeafur
dc.contributor.author Belás, Jaroslav
dc.relation.ispartof Review of Economic Perspectives
dc.identifier.issn 1213-2446 Scopus Sources, Sherpa/RoMEO, JCR
dc.date.issued 2017
utb.relation.volume 17
utb.relation.issue 3
dc.citation.spage 263
dc.citation.epage 285
dc.type review
dc.language.iso en
dc.publisher De Gruyter
dc.identifier.doi 10.1515/revecp-2017-0014
dc.relation.uri https://www.degruyter.com/view/j/revecp.2017.17.issue-3/revecp-2017-0014/revecp-2017-0014.xml
dc.subject Access to finance en
dc.subject SMEs en
dc.subject Czech Republic en
dc.subject Slovak Republic en
dc.subject Hungary en
dc.description.abstract This paper explores the determinants of access to finance for small and medium enterprises (SMEs) in the context of three Central European countries: Czech Republic, Slovak Republic, and Hungary. The data set of the research is obtained from the BEEPS survey, which is conducted by the World Bank and the European Bank for Reconstruction and Development. This paper empirically analyses firms not only from the SMEs point of view, but also shows results for micro, small and medium enterprises separately. Additionally, we have analysed the determinants of access to finance for SMEs at each country level for an in-depth understanding of country-level variations in SME financing. The results indicate that micro firms and firms owned and operated by women are experiencing a shortage of credits from banks. On the other hand, we found a positive relationship between the pledge of collateral and access to finance. With respect to the medium firms, we found evidence that innovative firms have a larger amount of credit from banks. The empirical results also suggest that the loan size increases as the interest rates increase in particular for SMEs on the whole and for micro-firms, although the interest rate is in a negative relationship with the loan size in Czech Republic. © 2017 Ashiqur Rahman et al., published by De Gruyter Open 2017. en
utb.faculty Faculty of Management and Economics
dc.identifier.uri http://hdl.handle.net/10563/1007546
utb.identifier.obdid 43876677
utb.identifier.scopus 2-s2.0-85030449963
utb.identifier.wok 000414638600003
utb.source j-scopus
dc.date.accessioned 2018-01-15T16:31:26Z
dc.date.available 2018-01-15T16:31:26Z
dc.description.sponsorship Internal Grant Agency of FaME TBU [IGA/FaME/2017/010]
dc.rights Attribution-NonCommercial-NoDerivs 3.0 Unported
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/
dc.rights.access openAccess
utb.contributor.internalauthor Rahman, Ashiqur
utb.contributor.internalauthor Belás, Jaroslav
utb.wos.affiliation [Rahman, Ashiqur; Belas, Jaroslav] Tomas Bata Univ Zlin, Dept Enterprise Econ, Mostni 5139, Zlin 76001, Czech Republic; [Rahman, M. Twyeafur] Strathclyde Business Sch, Dept Econ, 130 Rottenrow, Glasgow G4 0QU, Lanark, Scotland
utb.scopus.affiliation Department of Enterprise Economics, Tomas Bata University in Zlin, Mostni 5139, Zlin, Czech Republic; Department of Economics, Strathclyde Business School, 130 Rottenrow, Glasgow, United Kingdom
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