مشخصات مقاله | |
ترجمه عنوان مقاله | محدودیت های مالی، فساد، و رشد شرکت های کوچک و متوسط در اقتصادهای گذار |
عنوان انگلیسی مقاله | Financial constraints, corruption, and SME growth in transition economies |
انتشار | مقاله سال 2019 |
تعداد صفحات مقاله انگلیسی | 13 صفحه |
هزینه | دانلود مقاله انگلیسی رایگان میباشد. |
پایگاه داده | نشریه الزویر |
نوع نگارش مقاله |
مقاله پژوهشی (Research Article) |
مقاله بیس | این مقاله بیس نمیباشد |
نمایه (index) | Scopus – Master Journals List |
نوع مقاله | ISI |
فرمت مقاله انگلیسی | |
ایمپکت فاکتور(IF) |
1.195 در سال 2019 |
شاخص H_index | 44 در سال 2020 |
شاخص SJR | 0.486 در سال 2019 |
شناسه ISSN | 1062-9769 |
شاخص Quartile (چارک) | Q2 در سال 2019 |
مدل مفهومی | ندارد |
پرسشنامه | ندارد |
متغیر | دارد |
رفرنس | دارد |
رشته های مرتبط | مدیریت |
گرایش های مرتبط | مدیریت مالی، مدیریت کسب و کار، مدیریت دولتی، مدیریت اجرایی، مدیریت استراتژیک |
نوع ارائه مقاله |
ژورنال |
مجله | بررسی فصلنامه اقتصاد و دارایی – The Quarterly Review Of Economics And Finance |
دانشگاه | Graves School of Business and Management, Morgan State University, 1700 East Cold Spring Lane, Baltimore, MD 21251, USA |
کلمات کلیدی | رشد شرکت های کوچک و متوسط، مالی، محدودیتهای مالی، نهادها، فساد، اقتصادهای گذار |
کلمات کلیدی انگلیسی | SME growth، Financial، Financial constraints، Institutions، Corruption، Transition economies |
شناسه دیجیتال – doi |
https://doi.org/10.1016/j.qref.2019.05.009 |
کد محصول | E13281 |
وضعیت ترجمه مقاله | ترجمه آماده این مقاله موجود نمیباشد. میتوانید از طریق دکمه پایین سفارش دهید. |
دانلود رایگان مقاله | دانلود رایگان مقاله انگلیسی |
سفارش ترجمه این مقاله | سفارش ترجمه این مقاله |
فهرست مطالب مقاله: |
Abstract
1- Introduction 2- Related literature 3- Financial sector in the transition economies 4- Data and variables 5- Methodology and empirical results 6- Conclusion References |
بخشی از متن مقاله: |
Abstract In this study, I investigate the impact of firm-level financial constraints and corruption in the business environment on growth for over 10,000 small- and medium-sized enterprises (SMEs) in 28 Eastern European and Central Asian countries. I also examine the determinants of firms’ financial constraints and the relevant role of country-level development, institutions, and corruption. I find that financial constraints negatively affect both firm sales growth and employment growth while corruption has no direct impact on growth. Older, larger, foreign-owned firms and firms with higher ownership concentration report lower financial constraints while exporting firms report higher financial constraints. In countries with higher levels of GDP per capita, stock market development, legal systems and property rights, and lower levels of corruption, firms face lower levels of financial constraints. I provide novel empirical evidence that firm-level corruption hinders SMEs’ access to financing and seriously hampers their growth in transition economies. Introduction A large body of literature has documented the importance of firm growth in facilitating country-level financial development (e.g. Rajan & Zingales, 1998; Wurgler, 2000; Levine & Zervos, 1998; Levine, Loayza, & Beck, 2000; Bekaert, Harvey, & Lundblad, 2005). The more recent literature highlights the key role played by the broader business environment in promoting and restraining firm growth, especially for small- and medium-sized enterprises (SMEs) (e.g. Beck, Demirgüc¸ -Kunt, & Maksimovic, 2005; Beck, Demirguc-Kunt, Laeven, & Levine, 2008). While some constraints in the business environment hinder firm growth directly, others may not have direct impact on growth (Ayyagari, Demirgüc¸ -Kunt, & Maksimovic, 2008). The effectiveness of a country’s institutions helps firms reducing certain growth constraints, especially financial constraints (Beck, Demirgüc¸ -Kunt, Laeven, & Maksimovic, 2006). SMEs are an important part of a country’s economic development. Economic growth of many less developed countries depends on the growth of their SMEs. Governments and policy makers of developing countries often adopt policies with an aim to improve business environments for SMEs by reducing market and institutional constraints impeding their growth. In this study, using a unique firm-level survey database, I investigate the impact of financial constraints and corruption in the business environment on growth for SMEs in 28 Eastern European and Central Asian (ECA) countries. I also investigate the determinants of firm financial constraints and the relevant role of a country’s institutions and corruption. |