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Financing of firms in developing countries : lessons from research
 
Author:Ayyagari, Meghana; Demirguc-Kunt, Asli; Maksimovic, Vojislav; Collection Title:Policy Research working paper ; no. WPS 6036
Country:World; Date Stored:2012/04/12
Document Date:2012/04/01Document Type:Policy Research Working Paper
SubTopics:Access to Finance; Financial Literacy; Emerging Markets; Debt Markets; Banks & Banking ReformLanguage:English
Major Sector:FinanceRel. Proj ID:1W-The Crisis And Beyond: Fy11-Fy13 -- -- P122136;
Region:The World RegionReport Number:WPS6036
Sub Sectors:General finance sectorVolume No:1 of 1

Summary: This paper reviews and synthesizes theoretical and empirical research on the role of finance in developing countries. First, the paper presents the stylized facts about firms in developing nations as well as the legal, financial and broader institutional framework in which these firms operate. Next, the paper focuses on the financing choices available to small and medium firms in developing countries and highlights areas needing additional research.

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