Publication:
Drivers and Obstacles to Banking SMEs : The Role of Competition and the Institutional Framework

dc.contributor.author de la Torre, Augusto
dc.contributor.author Martínez Pería, María Soledad
dc.contributor.author Schmukler, Sergio L.
dc.date.accessioned 2012-05-22T16:28:43Z
dc.date.available 2012-05-22T16:28:43Z
dc.date.issued 2008-12
dc.description.abstract This paper studies the factors banks perceive as drivers and obstacles to financing small and medium enterprises (SMEs), focusing on the role of competition and the institutional framework. Using a survey of banks in Argentina and Chile, the paper shows that, despite alleged differences in the countries' environments regarding rules, regulations, and ease of doing business, SMEs have become a strategic segment for most banks in both countries. In particular, banks have begun to target SMEs due to the significant competition in the corporate and retail sectors. They perceive the SMEs market as highly profitable, large, and with good prospects. Moreover, banks are developing coping mechanisms to overcome the particular institutional obstacles present in each country and to compete for SMEs. Banks' interest in SMEs is not based on government programs, yet policy action might help reduce the cost of providing financing, especially long-term lending. en
dc.identifier http://documents.worldbank.org/curated/en/2008/12/10063846/drivers-obstacles-banking-smes-role-competition-institutional-framework
dc.identifier.uri http://hdl.handle.net/10986/6306
dc.language English
dc.publisher Washington, DC: World Bank
dc.relation.ispartofseries Policy Research Working Paper; No. 4788
dc.rights CC BY 3.0 IGO
dc.rights.holder World Bank
dc.rights.uri http://creativecommons.org/licenses/by/3.0/igo/
dc.subject ACCESS TO BANK
dc.subject ACCESS TO EXTERNAL FINANCE
dc.subject ACCESS TO FINANCE
dc.subject ACCESS TO FINANCING
dc.subject ACCESS TO INFORMATION
dc.subject ADVERTISEMENTS
dc.subject AMOUNT OF CREDIT
dc.subject ARBITRAGE
dc.subject ARREARS
dc.subject ASYMMETRIC INFORMATION
dc.subject BALANCE SHEETS
dc.subject BANK CREDIT
dc.subject BANK DEPOSITS
dc.subject BANK EXPOSURE
dc.subject BANK FINANCING
dc.subject BANK INVOLVEMENT
dc.subject BANK LENDING
dc.subject BANK LOANS
dc.subject BANK POLICY
dc.subject BANK SERVICES
dc.subject BANKING MARKET
dc.subject BANKING SYSTEM
dc.subject BANKING SYSTEMS
dc.subject BANKRUPTCY
dc.subject BANKRUPTCY PROCEDURES
dc.subject BANKS
dc.subject BENEFICIARIES
dc.subject BIDS
dc.subject BINDING CONSTRAINT
dc.subject BUSINESS ACTIVITY
dc.subject CAPITAL INVESTMENTS
dc.subject CAPITAL LOANS
dc.subject CAPITAL MARKETS
dc.subject CASH FLOWS
dc.subject CENTRAL BANK
dc.subject CENTRAL BANKS
dc.subject COLLATERAL
dc.subject COLLATERAL REQUIREMENT
dc.subject COLLATERAL REQUIREMENTS
dc.subject COMMERCIAL BANKS
dc.subject COMMERCIAL LOANS
dc.subject CONFIDENCE IN BANKS
dc.subject CONSOLIDATION
dc.subject CONSUMER
dc.subject CONSUMERS
dc.subject CONTRACT ENFORCEMENT
dc.subject CONTRIBUTION
dc.subject CONTRIBUTIONS
dc.subject COOPERATIVES
dc.subject CORPORATE BANKING
dc.subject CORRUPTION
dc.subject CREDIT BUREAU
dc.subject CREDIT BUREAUS
dc.subject CREDIT CARDS
dc.subject CREDIT GUARANTEE
dc.subject CREDIT GUARANTEES
dc.subject CREDIT LINE
dc.subject CREDIT LINES
dc.subject CREDIT MARKET
dc.subject CREDIT POLICY
dc.subject CREDIT RISK
dc.subject CUSTOMER SERVICE
dc.subject DEBT
dc.subject DEBT DEFAULT
dc.subject DEBT PAYMENTS
dc.subject DEBT RESTRUCTURING
dc.subject DEBTORS
dc.subject DEBTS
dc.subject DEFAULT RATES
dc.subject DEMAND FOR CREDIT
dc.subject DEPOSIT
dc.subject DEPOSITS
dc.subject DEVELOPING COUNTRIES
dc.subject DEVELOPMENT BANK
dc.subject DOCUMENTATION REQUIREMENTS
dc.subject DOMESTIC BANK
dc.subject DOMESTIC BANKS
dc.subject DOMESTIC CURRENCY
dc.subject ECONOMIC ACTIVITY
dc.subject ECONOMIC CRISIS
dc.subject ECONOMICS
dc.subject EMERGING ECONOMIES
dc.subject EMERGING MARKET
dc.subject EMPLOYMENT
dc.subject ENTREPRENEURS
dc.subject EXCESS LIQUIDITY
dc.subject EXCHANGE RATE
dc.subject EXCLUSION
dc.subject EXTERNAL FINANCING
dc.subject FACTORING
dc.subject FILING FOR BANKRUPTCY
dc.subject FINANCES
dc.subject FINANCIAL ACCESS
dc.subject FINANCIAL CONSTRAINTS
dc.subject FINANCIAL CONTRACTS
dc.subject FINANCIAL DEVELOPMENT
dc.subject FINANCIAL INFORMATION
dc.subject FINANCIAL INSTITUTIONS
dc.subject FINANCIAL INSTRUMENTS
dc.subject FINANCIAL INTERMEDIARIES
dc.subject FINANCIAL INTERMEDIATION
dc.subject FINANCIAL REFORMS
dc.subject FINANCIAL SECTOR
dc.subject FINANCIAL SERVICES
dc.subject FINANCIAL STATEMENTS
dc.subject FINANCIAL SYSTEM
dc.subject FINANCIAL TRANSACTION
dc.subject FINANCIAL TRANSACTIONS
dc.subject FINANCING OBSTACLES
dc.subject FIXED COSTS
dc.subject FIXED RATES
dc.subject FLOW OF INFORMATION
dc.subject FOREIGN BANKS
dc.subject FOREIGN EXCHANGE
dc.subject FOREIGN EXCHANGE TRANSACTIONS
dc.subject FOREIGN INVESTORS
dc.subject FUTURE GROWTH
dc.subject GREATER ACCESS
dc.subject GUARANTEE FUND
dc.subject GUARANTEE FUNDS
dc.subject GUARANTEE SCHEMES
dc.subject HOUSEHOLDS
dc.subject INCOME
dc.subject INCOME SOURCES
dc.subject INFORMATION GAP
dc.subject INSTITUTIONAL DEVELOPMENT
dc.subject INSTRUMENT
dc.subject INSURANCE
dc.subject INSURANCE PRODUCTS
dc.subject INTEREST RATE
dc.subject INTEREST RATE CEILING
dc.subject INTEREST RATE RISK
dc.subject INTEREST RATES
dc.subject INTEREST RATES ON LOANS
dc.subject INTERNATIONAL BANK
dc.subject INTERNATIONAL BANKS
dc.subject INTERNATIONAL FINANCE
dc.subject INVESTMENT LOANS
dc.subject INVESTMENT PROJECTS
dc.subject JUDICIAL PROCESSES
dc.subject LACK OF ACCESS
dc.subject LARGE BANKS
dc.subject LARGE COMPANIES
dc.subject LARGE COMPANY
dc.subject LARGE FIRMS
dc.subject LAWS
dc.subject LEGAL CONSTRAINTS
dc.subject LEGAL REFORM
dc.subject LEGAL RIGHTS
dc.subject LINES OF CREDIT
dc.subject LIQUID ASSETS
dc.subject LOAN
dc.subject LOAN AMOUNT
dc.subject LOAN MARKET
dc.subject LOAN PORTFOLIOS
dc.subject LONG-TERM LENDING
dc.subject LONG-TERM LOANS
dc.subject LOW INTEREST RATES
dc.subject MACROECONOMIC ENVIRONMENT
dc.subject MACROECONOMIC STABILITY
dc.subject MACROECONOMIC UNCERTAINTY
dc.subject MARKET ENVIRONMENT
dc.subject MARKET SHARE
dc.subject MARKET STRUCTURE
dc.subject MEDIUM ENTERPRISES
dc.subject MICRO ENTERPRISES
dc.subject MORAL HAZARD
dc.subject MORTGAGES
dc.subject NATIONAL GUARANTEE
dc.subject NEW MARKETS
dc.subject NON-PERFORMING LOANS
dc.subject OUTREACH
dc.subject OVERDRAFTS
dc.subject PARTIAL CREDIT
dc.subject PAYMENT OBLIGATION
dc.subject PAYMENTS IN ADVANCE
dc.subject PENSION
dc.subject PERSONAL GUARANTEE
dc.subject POLITICAL ECONOMY
dc.subject PORTFOLIO
dc.subject PRIVATE BANKS
dc.subject PRIVATE SECTOR LOANS
dc.subject PROFITABILITY
dc.subject PROMISSORY NOTES
dc.subject PROPERTY RIGHTS
dc.subject PROTECTION OF INVESTORS
dc.subject PUBLIC BANKS
dc.subject PUBLIC CREDIT
dc.subject PUBLIC FUND
dc.subject QUESTIONNAIRE
dc.subject RECEIPT
dc.subject RECEIPTS
dc.subject RECESSION
dc.subject REGIONAL BANKS
dc.subject RELATIONSHIP LENDING
dc.subject RESEARCH ASSISTANCE
dc.subject RISK MANAGEMENT
dc.subject RISK TAKING
dc.subject RULE OF LAW
dc.subject SALE
dc.subject SALES
dc.subject SCHOLARSHIPS
dc.subject SECURITIES
dc.subject SELF-FINANCING
dc.subject SHAREHOLDERS
dc.subject SMALL BANKS
dc.subject SMALL BUSINESS
dc.subject SMALL ENTERPRISE
dc.subject SMALL ENTERPRISES
dc.subject SMALL ENTREPRENEURS
dc.subject TAX
dc.subject TAX REDUCTIONS
dc.subject TECHNICAL ASSISTANCE
dc.subject TERM CREDIT
dc.subject TERMS OF LOANS
dc.subject TOTAL DEBT
dc.subject TRADE FINANCING
dc.subject TRAINING PROGRAMS
dc.subject TRANSACTION
dc.subject TRANSPARENCY
dc.subject UNFAIR COMPETITION
dc.subject UNSECURED LOANS
dc.subject VARIABLE RATES
dc.subject VARIABLE-RATE LOANS
dc.subject WORKING CAPITAL
dc.title Drivers and Obstacles to Banking SMEs : The Role of Competition and the Institutional Framework en
dspace.entity.type Publication
okr.doctype Publications & Research :: Policy Research Working Paper
okr.doctype Publications & Research
okr.docurl http://documents.worldbank.org/curated/en/2008/12/10063846/drivers-obstacles-banking-smes-role-competition-institutional-framework
okr.globalpractice Finance and Markets
okr.identifier.doi 10.1596/1813-9450-4788
okr.identifier.externaldocumentum 000158349_20081201095551
okr.identifier.internaldocumentum 10063846
okr.identifier.report WPS4788
okr.language.supported en
okr.pdfurl http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2008/12/01/000158349_20081201095551/Rendered/PDF/WPS4788.pdf en
okr.sector Finance :: General finance sector
okr.theme Small and medium enterprise support
okr.theme Financial and private sector development
okr.topic Finance and Financial Sector Development :: Financial Intermediation
okr.topic Banks and Banking Reform
okr.topic Finance and Financial Sector Development :: Debt Markets
okr.topic Finance and Financial Sector Development :: Access to Finance
okr.unit Development Research Group (DECRG)
okr.volume 1 of 1
relation.isAuthorOfPublication 35317b87-0569-5cde-bb5e-db1a425e6889
relation.isAuthorOfPublication ad1ad457-a974-53de-815c-c7010e0fdd74
relation.isSeriesOfPublication 26e071dc-b0bf-409c-b982-df2970295c87
Files
Original bundle
Now showing 1 - 2 of 2
Thumbnail Image
Name:
English PDF
Size:
195.36 KB
Format:
Adobe Portable Document Format
Description:
No Thumbnail Available
Name:
English Text
Size:
123.8 KB
Format:
Plain Text
Description:
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Plain Text
Description: