Original title: Vztah mezi přístupem k finančním zdrojům a růstem malých a středních podniků v rozvíjejících se trzích
Translated title: The relationship between financial access and growth of SMEs in emerging markets
Authors: Zhao, Lulu ; Svoboda, Karel (advisor) ; Korosteleva, Julia (referee) ; Cibulková, Petra (referee)
Document type: Master’s theses
Year: 2020
Language: eng
Abstract: By using the cross-sectional data from the World Bank Enterprise Survey, this dissertation selects a sample of over 3000 firms from 16 Central and Eastern European countries during the 2008 financial crisis, to assess (1) How effective priori classifications are to identify financially constrained and unconstrained firms in times of economic recession (2) What the main robust determinants are at the firm and country-level that affect SMEs' degree of financing obstacles (3) What experiences and lessons we can learn from 2008 crisis to combat with 2020 and future emerging recession. Our evidence indicates that during the economic crisis happened in 2008, size, industry, ownership and EU dummy are useful priori classifications while distinguishing firms' different degree to financing troubles, although some of other priori classifications appeared on other literature are ineffective. Smaller firms, foreign-owned and firms in manufacturing are more likely to report the financing trouble and have less access to formal sources of finance. However, government-owned firms and firms with adequate educated workers are less likely to be financially constraint. The result confirms that economic freedom, financial market and trade integration all have a significant relationship with SMEs' access to finance. For...
Keywords: access to finance; Central and Eastern European countries; COVID-19; economic crisis; economic growth and financial development; firm characteristics; Policy implications; small and medium-sized enterprises; access to finance; Central and Eastern European countries; COVID-19; economic crisis; economic growth and financial development; firm characteristics; Policy implications; small and medium-sized enterprises

Institution: Charles University Faculties (theses) (web)
Document availability information: Available in the Charles University Digital Repository.
Original record: http://hdl.handle.net/20.500.11956/125188

Permalink: http://www.nusl.cz/ntk/nusl-438718


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Universities and colleges > Public universities > Charles University > Charles University Faculties (theses)
Academic theses (ETDs) > Master’s theses