000			04247cam a22003858i 4500
001			on1267337475
003			OCoLC
005			20240726104842.0
008			210914s2021 nyu ob 001 0 eng
010			_a2021044640
040			_aDLC _beng _erda _cDLC _dOCLCO _dNT
020			_a9781685071417 _q((electronic)l(electronic)ctronic)
042			_apcc
050	0	0	_aHG4027 _b.S644 2021
049			_aMAIN
100	1		_aWangmo, Chokey, _e1
245	1	0	_aSME finance: : _bconstraints and an information asymmetric perspective / _cChokey Wangmo and Sardar M.N. Islam.
300			_a1 online resource.
336			_atext _btxt _2rdacontent
337			_acomputer _bc _2rdamedia
338			_aonline resource _bcr _2rdacarrier
347			_adata file _2rda
490	0		_aFinancial institutions and services
504			_a2
505	0	0	_aIntroduction -- _tBhutan -- _tBusiness, Finance and SME -- _tSME Finance: Issues and Theories -- _tResearch Design and Methodology:Theoretical Framework -- _tDescriptive Statistics of SMEs -- _tData Analysis: Phase I Quantitative Method -- _tData Analysis: Phase II Qualitative Method -- _tDiscussion, Recommendation and Conclusion.
520	0		_a"This book, titled SME Finance: Constraints and an Information Asymmetric Perspective, studies the gap between bank financing and the small and medium sized enterprises (SME) sector, based on the economic theories of information asymmetry and agency theory. Access to finance continues to remain one of the key constraints faced by SMEs to start and expand businesses, particularly in the developing economies where access to bank loans is subject to the availability of collateral. The SME financing gap, studied from the perspectives of both the key actors - banks and SMEs - is well presented in this book. The authors have used Sequential Explanatory Design, a mixed methodology, to collect data from SMEs and banks. The econometric model of the study represented SMEs' debt accessibility as a function of independent variables of loan repayment capacity, financial information, characteristics of the firm and owner and bank loan characteristics. The book provides empirical evidence that SME financing constraints are caused by factors arising from SMEs as well as the banks, primarily SMEs' high information opacity and banks' imposition of collateral to offset the credit risk. In the estimation of the econometric model, the size of collateral and owner's equity were among the most significant predictor variables. Likewise, the thematic analysis of interview data of credit officers to understand the banks' lending behavior evidenced a strong positive relationship between the size of the collateral and owner's equity and access to bank loans. SMEs' high information opacity and credit risk induced adverse selection and credit rationing on the part of finance providers. The findings of this book contribute towards academic literature on developing economies characterized by limited data available for academic and empirical research. This book provides a unique example of rigorous research on SME finance within an information economics framework. The theoretical issues are nicely balanced by the practical application of information economics to an emerging market. It can be used as a reference by researchers, academics, practitioners and policy makers in the areas of development finance, banking, development economics, microfinance and rural development. In addition, it can be used as an academic reference for a finance subject at the Master's or Doctoral level. The book is relevant to key stakeholders in understanding the debt inaccessibility from SMEs and the banks in drafting policies and measures to address the SME financing gap"-- _cProvided by publisher.
530			_a2 _ub
650		0	_aSmall business _xFinance.
655		1	_aElectronic Books.
700	1		_aIslam, Sardar M. N., _d1950- _e1
856	4	0	_zClick to access digital title | log in using your CIU ID number and my.ciu.edu password. _uhttpss://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=3021548&site=eds-live&custid=s3260518
942			_cOB _D _eEB _hHG. _m2021 _QOL _R _x _8NFIC _2LOC
994			_a92 _bNT
999			_c80499 _d80499
902			_a1 _bCynthia Snell _c1 _dCynthia Snell