The relationship between financial access and growth of SMEs in emerging markets
Vztah mezi přístupem k finančním zdrojům a růstem malých a středních podniků v rozvíjejících se trzích
diplomová práce (OBHÁJENO)
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Trvalý odkaz
http://hdl.handle.net/20.500.11956/125188Identifikátory
SIS: 220913
Kolekce
- Kvalifikační práce [17115]
Autor
Vedoucí práce
Oponent práce
Korosteleva, Julia
Cibulková, Petra
Fakulta / součást
Fakulta sociálních věd
Obor
Mezinárodní ekonomická, politická a sociální studia
Katedra / ústav / klinika
Katedra ruských a východoevropských studií
Datum obhajoby
17. 6. 2020
Nakladatel
Univerzita Karlova, Fakulta sociálních vědJazyk
Angličtina
Známka
Velmi dobře
Klíčová slova (česky)
access to finance, small and medium-sized enterprises, Central and Eastern European countries, economic crisis, firm characteristics, economic growth and financial development, COVID-19, Policy implicationsKlíčová slova (anglicky)
access to finance, small and medium-sized enterprises, Central and Eastern European countries, economic crisis, firm characteristics, economic growth and financial development, COVID-19, Policy implicationsBy using the cross-sectional data from the World Bank Enterprise Survey, this dissertation selects a sample of over 3000 firms from 16 Central and Eastern European countries during the 2008 financial crisis, to assess (1) How effective priori classifications are to identify financially constrained and unconstrained firms in times of economic recession (2) What the main robust determinants are at the firm and country-level that affect SMEs' degree of financing obstacles (3) What experiences and lessons we can learn from 2008 crisis to combat with 2020 and future emerging recession. Our evidence indicates that during the economic crisis happened in 2008, size, industry, ownership and EU dummy are useful priori classifications while distinguishing firms' different degree to financing troubles, although some of other priori classifications appeared on other literature are ineffective. Smaller firms, foreign-owned and firms in manufacturing are more likely to report the financing trouble and have less access to formal sources of finance. However, government-owned firms and firms with adequate educated workers are less likely to be financially constraint. The result confirms that economic freedom, financial market and trade integration all have a significant relationship with SMEs' access to finance. For...