Historical financing of small- and medium-sized enterprises
By: Robert Cull ... [et al.].
Contributors: Cull, Robert J.; National Bureau of Economic Research.
Series: NBER working paper series ;; working paper 11695; Working paper series (National Bureau of Economic Research : Online) ;; working paper no. 11695.
Publisher: National Bureau of Economic Research
Published: 2005
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Subjects: Small business -- North Atlantic Region -- Finance -- History -- 19th century.; Small business -- North Atlantic Region -- Finance -- History -- 20th century.; Financial institutions -- North Atlantic Region -- History -- 19th century.; Financial institutions -- North Atlantic Region -- History -- 20th century.
Description: "We focus on the economies of the North Atlantic Core during the nineteenth and early twentieth centuries and find that an impressive variety of local financial institutions emerged to supply the needs of SMEs wherever there was sufficient demand for their services.  Although these intermediaries had significant weaknesses, they were able to tap into local information networks and so extend credit to firms that were too young or small to secure funds from large regional or national institutions.  In addition, by raising the return to savings for local households, they helped to mobilize significant new resources for economic development"--National Bureau of Economic Research web site.
Notes: Also available in print.
Includes bibliographical references.
Title from PDF file as viewed on 11/17/2005.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.