Publication:
Turkey - Improving Conditions for SME Growth Finance and Innovation

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dc.contributor.authorWorld Bank
dc.date.accessioned2013-01-29T19:40:52Z
dc.date.available2013-01-29T19:40:52Z
dc.date.issued2011-08
dc.description.abstractFacilitating the growth of Small- and Medium-sized Enterprises (SMEs) is central to creating jobs for an underutilized and growing labor force in Turkey as SMEs account for 79 percent of jobs in Turkey. Creating jobs for Turkey's unemployed and for the rapidly growing labor force, though partly a social challenge, is an important economic opportunity. Turkish SME growth performance and productivity is currently poor, and these related challenges must be simultaneously addressed. First, Turkish SMEs grow slower than both large enterprises in Turkey and SMEs in comparator countries. Second, not only are SMEs in Turkey less productive than larger firms, but the gap across firm size is larger in Turkey than in other countries. Although growth and productivity may be affected by different aspects of the business environment, productivity is needed for firms to be competitive and thus be able to sustain growth in the long term. Therefore, growth and productivity must be simultaneously addressed to enable the sustainable creation of well paying jobs. The two main priorities for SMEs are: a) access to finance, and b) the ability to adopt and use technology and to innovate, and this report addresses these topics. The main constraint for the growth of SMEs is access to finance, and new microeconomic evidence shows that the development of medium term finance contributes significantly to SME performance in terms of employment, sales, and investment. Specific interventions in the form of credit guarantees and credit line financing of financial institutions dedicated to support SME financial products have been used to speed up the development of the SME medium term credit market, and they may continue to play a role.en
dc.identifierhttp://documents.worldbank.org/curated/en/2011/08/17068912/turkey-improving-conditions-sme-growth-finance-innovation
dc.identifier.doi10.1596/12211
dc.identifier.urihttps://hdl.handle.net/10986/12211
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO CREDIT
dc.subjectACCESS TO FINANCE
dc.subjectACCOUNTS RECEIVABLE
dc.subjectADVANCED ECONOMIES
dc.subjectAGRICULTURAL SECTOR
dc.subjectAGRICULTURAL SECTORS
dc.subjectASYMMETRIC INFORMATION
dc.subjectBALANCE SHEET
dc.subjectBANK COMPETITION
dc.subjectBANK CREDIT
dc.subjectBANK CUSTOMERS
dc.subjectBANK FINANCING
dc.subjectBANK LOAN
dc.subjectBANK LOANS
dc.subjectBANKRUPTCY
dc.subjectBANKRUPTCY LAW
dc.subjectBANKS
dc.subjectBARRIER TO FINANCE
dc.subjectBIASES
dc.subjectBOND MARKET
dc.subjectBOND MARKETS
dc.subjectBORROWER
dc.subjectBORROWING
dc.subjectBUSINESS ACTIVITIES
dc.subjectBUSINESS INCUBATORS
dc.subjectBUSINESS PLAN
dc.subjectBUSINESS PLANS
dc.subjectBUSINESS RISKS
dc.subjectBUSINESS SUPPORT
dc.subjectCAPACITY BUILDING
dc.subjectCAPITAL ADEQUACY
dc.subjectCAPITAL CONSTRAINTS
dc.subjectCAPITAL FINANCE
dc.subjectCAPITAL MARKET
dc.subjectCAPITAL MARKETS
dc.subjectCASH FLOWS
dc.subjectCENTRAL BANK
dc.subjectCOLLATERAL
dc.subjectCOLLATERALS
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMMODITY EXCHANGES
dc.subjectCONSUMER CREDIT
dc.subjectCONSUMER FINANCE
dc.subjectCORPORATE BOND
dc.subjectCORPORATE BOND MARKET
dc.subjectCORPORATE BOND MARKETS
dc.subjectCORRUPTION
dc.subjectCREDIT BUREAU
dc.subjectCREDIT BUREAUS
dc.subjectCREDIT CARD
dc.subjectCREDIT GUARANTEE
dc.subjectCREDIT GUARANTEES
dc.subjectCREDIT HISTORIES
dc.subjectCREDIT HISTORY
dc.subjectCREDIT INFORMATION
dc.subjectCREDIT LINE
dc.subjectCREDIT LINES
dc.subjectCREDIT MARKET
dc.subjectCREDIT MARKETS
dc.subjectCREDIT RATIONING
dc.subjectCREDIT REGISTRIES
dc.subjectCREDIT REGISTRY
dc.subjectCREDIT REPORTS
dc.subjectCREDIT RISK
dc.subjectCREDIT SCORES
dc.subjectCREDIT SCORING
dc.subjectCREDITOR
dc.subjectCREDITORS
dc.subjectCREDITWORTHINESS
dc.subjectDEBT
dc.subjectDEBT COLLECTION
dc.subjectDEBT SECURITIES
dc.subjectDEBTORS
dc.subjectDEBTS
dc.subjectDEMAND FOR CREDIT
dc.subjectDEPOSIT
dc.subjectDEPOSITS
dc.subjectDEVELOPMENT BANK
dc.subjectDEVELOPMENT OF FINANCE
dc.subjectDOMESTIC CORPORATE BOND
dc.subjectECONOMIC COOPERATION
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC OPPORTUNITY
dc.subjectECONOMIC POLICY
dc.subjectEMPLOYEE
dc.subjectEMPLOYMENT GROWTH
dc.subjectENFORCEMENT MECHANISMS
dc.subjectENTERPRISE CREDIT
dc.subjectENTERPRISE PERFORMANCE
dc.subjectEQUALITY
dc.subjectEQUITY CAPITAL
dc.subjectEXCHANGE RATE
dc.subjectEXPENDITURE
dc.subjectEXPENDITURES
dc.subjectEXTERNAL CAPITAL
dc.subjectEXTERNAL FINANCE
dc.subjectFINANCE COMPANIES
dc.subjectFINANCIAL DEVELOPMENT
dc.subjectFINANCIAL INFORMATION
dc.subjectFINANCIAL INSTITUTION
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL INTERMEDIARIES
dc.subjectFINANCIAL LIABILITIES
dc.subjectFINANCIAL PRODUCTS
dc.subjectFINANCIAL SECTOR ASSESSMENT
dc.subjectFINANCIAL SECTOR DEVELOPMENT
dc.subjectFINANCIAL SYSTEM
dc.subjectFISCAL DEFICIT
dc.subjectFISCAL DEFICITS
dc.subjectFIXED COSTS
dc.subjectFORECLOSURE
dc.subjectFOREIGN CURRENCIES
dc.subjectFOREIGN CURRENCY
dc.subjectFORM OF CREDIT
dc.subjectFORMS OF COLLATERAL
dc.subjectGENDER
dc.subjectGOOD CREDIT
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGROUP OF FIRMS
dc.subjectGUARANTEE FUND
dc.subjectGUARANTEE SCHEME
dc.subjectGUARANTEE SCHEMES
dc.subjectGUARANTORS
dc.subjectHIGH INTEREST RATE
dc.subjectINDICATORS OF ACCESS
dc.subjectINFLATION
dc.subjectINFORMAL ECONOMY
dc.subjectINFORMATION ASYMMETRIES
dc.subjectINFORMATION ASYMMETRY
dc.subjectINFORMATION SHARING
dc.subjectINSTITUTIONAL INVESTORS
dc.subjectINSTRUMENT
dc.subjectINTELLECTUAL PROPERTY
dc.subjectINTEREST RATE
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL FINANCIAL STATISTICS
dc.subjectINVESTMENT CLIMATE
dc.subjectINVESTMENT DECISIONS
dc.subjectINVESTMENT FINANCE
dc.subjectINVESTMENT PLANS
dc.subjectJOB CREATION
dc.subjectJOB OPPORTUNITIES
dc.subjectKEY CHALLENGE
dc.subjectLABOR FORCE PARTICIPATION
dc.subjectLABOR MARKET
dc.subjectLEGAL FRAMEWORK
dc.subjectLEGAL RIGHTS
dc.subjectLENDER
dc.subjectLENDERS
dc.subjectLINE OF CREDIT
dc.subjectLIQUIDITY
dc.subjectLIQUIDITY RISK
dc.subjectLIQUIDITY RISKS
dc.subjectLOAN
dc.subjectLOAN AMOUNTS
dc.subjectLOAN APPROVAL
dc.subjectLOAN APPROVAL PROCESS
dc.subjectLOAN FUNDS
dc.subjectLOAN SIZE
dc.subjectLOANS TO ENTERPRISES
dc.subjectLOCAL CURRENCY
dc.subjectMACROECONOMIC POLICY
dc.subjectMARKET DEVELOPMENT
dc.subjectMATURITY
dc.subjectMEDIUM TERM BONDS
dc.subjectMICRO ENTERPRISES
dc.subjectMONETARY FUND
dc.subjectMORAL HAZARD
dc.subjectMOVABLE COLLATERAL
dc.subjectNEW BUSINESS
dc.subjectNEW MARKETS
dc.subjectNOMINAL INTEREST RATE
dc.subjectOBSTACLES TO GROWTH
dc.subjectOUTREACH
dc.subjectPAYMENT HISTORY
dc.subjectPAYMENT SERVICES
dc.subjectPENSION FUNDS
dc.subjectPERSONAL ASSETS
dc.subjectPLEDGES
dc.subjectPORTFOLIO
dc.subjectPRIVATE CREDIT
dc.subjectPRIVATE INVESTMENTS
dc.subjectPRODUCTION CAPACITY
dc.subjectPROFITABILITY
dc.subjectPROPERTY RIGHTS
dc.subjectPUBLIC BANKS
dc.subjectPUBLIC CREDIT
dc.subjectREAL ESTATE
dc.subjectREAL ESTATES
dc.subjectREAL INTEREST
dc.subjectREAL INTEREST RATE
dc.subjectRECESSION
dc.subjectREGISTRATION SYSTEMS
dc.subjectREPAYMENT
dc.subjectRISK MANAGEMENT
dc.subjectRISK OF DEFAULT
dc.subjectRISKY BORROWERS
dc.subjectSALES GROWTH
dc.subjectSAVINGS
dc.subjectSAVINGS RATE
dc.subjectSMALL ENTERPRISE
dc.subjectSMALL ENTERPRISES
dc.subjectSMALL LOAN
dc.subjectSOCIAL SECURITY
dc.subjectSOLVENCY
dc.subjectSTOCK EXCHANGE
dc.subjectSUPPLY OF CREDIT
dc.subjectT-BILL
dc.subjectT-BILL RATE
dc.subjectTAX
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTERM CREDIT
dc.subjectTRANSACTION
dc.subjectTRANSACTION COSTS
dc.subjectTRANSACTIONS COST
dc.subjectTRANSACTIONS SYSTEMS
dc.subjectTRANSPARENCY
dc.subjectTREASURY
dc.subjectTURNOVER
dc.subjectUNEMPLOYMENT
dc.subjectUNION
dc.subjectVENTURE CAPITAL
dc.subjectVENTURE CAPITAL INVESTMENT
dc.subjectWOMAN
dc.subjectWOMAN ENTREPRENEUR
dc.subjectWORKING CAPITAL
dc.titleTurkey - Improving Conditions for SME Growth Finance and Innovationen
dspace.entity.typePublication
okr.date.disclosure2012-12-11
okr.date.doiregistration2025-05-07T10:57:28.310335Z
okr.doctypeEconomic & Sector Work::Policy Note
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2011/08/17068912/turkey-improving-conditions-sme-growth-finance-innovation
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid514901468121480105
okr.identifier.externaldocumentum000356161_20121213010332
okr.identifier.internaldocumentum17068912
okr.identifier.report54961
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2012/12/13/000356161_20121213010332/Rendered/PDF/NonAsciiFileName0.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryTurkiye
okr.sectorFinance :: Micro- and SME finance
okr.sectorIndustry and trade :: General industry and trade sector
okr.themeFinancial and private sector development :: Small and medium enterprise support
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicBanks and Banking Reform
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicFinance and Financial Sector Development::Bankruptcy and Resolution of Financial Distress
okr.unitPrivate/Financial Sectors Devt (ECSPF)
okr.volume1 of 1
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