Financing of Firms in Developing Countries: Lessons from Research
George Washington University - School of Business
World Bank - Financial and Private Sector Development; World Bank
University of Maryland - Robert H. Smith School of Business
April 1, 2012
World Bank Policy Research Working Paper No. 6036
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.
Number of Pages in PDF File: 99
Keywords: Debt Markets, Access to Finance, Emerging Markets, Financial Literacy, Banks & Banking Reformworking papers series
Date posted: April 13, 2012
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