Enterprise size, financing patterns, and credit constraints in Brazil
Subtitle: analysis of data from the investment climate assessment survey
By: Anjali Kumar, Manuela Francisco.
Contributors: Francisco, Manuela.; World Bank.
Series: World Bank working paper -- no. 49
Publisher: International Bank for Reconstruction and Development/World Bank
Published: 2005
Place of publication: Washington, D.C
Language: eng
Number of pages: 62
Subjects: Business enterprises -- Size -- Brazil.; Business enterprises -- Brazil -- Finance.; Investment analysis.
Description: 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.
Notes: Includes bibliographical references (p. 57-62).