Global S&T Development Trend Analysis Platform of Resources and Environment
On the Dynamics of Small and Medium-Sized Enterprises: Evidence from Japan | |
[unavailable] | |
2018-03-09 | |
出版年 | 2018 |
语种 | 英语 |
国家 | 国际 |
领域 | 气候变化 |
英文摘要 |
![]() Different types of small and medium-sized enterprises respond uniquely to changes in macroeconomic conditions depending on their size, growth, investment, and financing needs. We examine how changes in macroeconomic conditions (the global financial crisis) relate to investment and financial decision making for each of the different size categories of small and medium-sized enterprises (SMEs). We use a large dataset of 764,963 observations in Japan for the time period from 2006 to 2014 to understand the heterogeneity of SMEs in financing and investment decision making, such in size, industry, and region. Our findings are of particular importance for regulators because we show that SMEs are dynamic in nature where they change their financial behavior in response to any macroeconomic shock. In addition, we report differences among the different size subsample at the sales growth and state/industry GDP growth levels. Hence, this requires designing a unique set of regulations for each group accordingly to effectively enhance the growth potential for each group and for SMEs as a whole. These findings have implications for lenders, especially banks, which should treat each size group within SMEs differently while lending or assessing creditworthiness. WORKING PAPER NO: 819 |
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来源平台 | Asian Development Bank |
文献类型 | 科技报告 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/234933 |
专题 | 气候变化 |
推荐引用方式 GB/T 7714 | [unavailable]. On the Dynamics of Small and Medium-Sized Enterprises: Evidence from Japan,2018. |
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文件名称/大小 | 文献类型 | 版本类型 | 开放类型 | 使用许可 | ||
adbi-wp819.pdf(293KB) | 科技报告 | 开放获取 | CC BY-NC-SA | 浏览 下载 |
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