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Financing of firms in developing countries : lessons from research, Volume 1
 
Author:Ayyagari, Meghana; Demirguc-Kunt, Asli; Maksimovic, Vojislav; Country:World;
Date Stored:2012/04/12Document Date:2012/04/01
Document Type:Policy Research Working PaperSubTopics:Access to Finance; Financial Literacy; Emerging Markets; Debt Markets; Banks & Banking Reform
Language:EnglishMajor Sector:Finance
Rel. Proj ID:1W-The Crisis And Beyond: Fy11-Fy13 -- -- P122136;Region:The World Region
Report Number:WPS6036Sub Sectors:General finance sector
Collection Title:Policy Research working paper ; no. WPS 6036Volume No: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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