附註:Includes bibliographical references (pages 57-62).
Preface -- Introduction -- Firm Size, Financing, Access to Credit, and Credit Constraints -- Financial Institution Ownership and Access to Credit -- Financial Access as an Obstacle to Growth Compared to Other Variables -- Conclusion -- Appendix -- References -- LIST OF TABLES -- 1. The Dataset: Characteristics of Sample Firms -- 2. The Dataset: Alternative Classifications of Firm Size -- 3. Firm Size and Sources of Finance: Working Capital and New Investments -- 4. Bank Ownership: No. and Percentage of Firms by Ownership Category.
5. Access to Credit and Credit Constraints-Breakdown per Type of Bank -- 6. Firm Size and Finance Related Obstacles to Growth -- A.1. GDP, Population, and Branch Density per State -- A.2. The Dataset (Size, Region, Industry, Manager's Education, Sales Growth) -- A.3. Definition and Construction of Variables -- A.4. Source of Finance-Working Capital -- A.5. Source of Finance: New Investments -- A.6. Overdrafts, Credit Lines and Trade Credit -- A.7. Firm Size and Number of Banks Firms Do Business with.
A.8. Size, Region, Education, Industry, and Sales Growth Effects on Access to Credit and Credit Constraints -- A.9. Reasons for Not Applying for a Bank Loan and Reasons for Bank Loan Rejection -- A.10. The Importance of Collateral and Shares of Collateral -- A.11. Regression Results-Firm Characteristics, Performance and the Probability of Having a Loan -- A.12. The Impact of Firm Size on the Likelihood of Having a Loan: Model 2 -- A.13. The Likelihood of Having a Loan According to Its Duration.
A.14. The Impact of Bank Ownership on the Firm's Likelihood of Having a Loan-Model 2-Sample Split by Bank Ownership -- A.15. The Impact of Bank Ownership on the Firm's Likelihood of Having a Loan-Model 2-Consolidated Sample -- A.16. Probability of Having a Loan from a Public Bank or a BNDES Credit Line -- A.17. Obstacles to Growth-Firm Size and Other Factors -- A.18. The Relative Importance of Obstacles to Growth and Firm Size.
摘要:Investigates the importance of firm size with respect to accessing credit. The principal findings are that size strongly affects access to credit compared to firm performance, and other factors, such as management education, location or the industrial sector to which the firm belongs. Additional findings are that the impact of size on access to credit is greater for longer term loans and that public financial institutions are more likely to lend to large firms. Finally, financial access constraints may have a less significant differential impact across firms of different sizes than other constraints, though cost of finance as a constraint is very important.
