Publication:
The Impact of the Business Environment on Young Firm Financing

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dc.contributor.authorChavis, Larry W.
dc.contributor.authorKlapper, Leora F.
dc.contributor.authorLove, Inessa
dc.date.accessioned2012-03-19T18:40:11Z
dc.date.available2012-03-19T18:40:11Z
dc.date.issued2010-05-01
dc.description.abstractThis paper uses a dataset of more than 70,000 firms in over 100 countries to systematically study the use of different financing sources for new and young firms, in comparison to mature firms. The authors find that in all countries younger firms rely less on bank financing and more on informal financing. However, they also find that younger firms use more bank finance in countries with stronger rule of law and better credit information, and that the reliance of young firms on informal finance decreases with the availability of credit information. Overall, the results suggest that improvements to the legal environment and availability of credit information are disproportionately beneficial for promoting access to formal finance by young firms.en
dc.identifierhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100527085728
dc.identifier.doi10.1596/1813-9450-5322
dc.identifier.urihttps://hdl.handle.net/10986/3808
dc.languageEnglish
dc.relation.ispartofseriesPolicy Research working paper ; no. WPS 5322
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO BANK
dc.subjectACCESS TO CREDIT
dc.subjectACCESS TO EXTERNAL FINANCE
dc.subjectACCESS TO FINANCE
dc.subjectACCESS TO FINANCING
dc.subjectACCESS TO FORMAL FINANCE
dc.subjectADVERSE SELECTION
dc.subjectASYMMETRIC INFORMATION
dc.subjectAVAILABILITY OF BANK FINANCING
dc.subjectAVAILABILITY OF CREDIT
dc.subjectBANK CREDIT
dc.subjectBANK FINANCING
dc.subjectBANK POLICY
dc.subjectBANKS
dc.subjectBARRIERS TO GROWTH
dc.subjectBORROWER
dc.subjectBORROWING
dc.subjectBRIBES
dc.subjectCAPITAL STRUCTURE
dc.subjectCHECKS
dc.subjectCOLLATERAL
dc.subjectCOMMERCIAL BORROWING
dc.subjectCONTRACT ENFORCEMENT
dc.subjectCORPORATE FINANCE
dc.subjectCORPORATE FINANCING
dc.subjectCORPORATE GOVERNANCE
dc.subjectCORRUPTION
dc.subjectCREDIT BUREAU
dc.subjectCREDIT CARDS
dc.subjectCREDIT CONTRACT
dc.subjectCREDIT CONTRACTS
dc.subjectCREDIT HISTORY
dc.subjectCREDIT INFORMATION
dc.subjectCREDIT SCORING
dc.subjectCREDITOR
dc.subjectCREDITOR RIGHTS
dc.subjectCREDITORS
dc.subjectCREDITWORTHINESS
dc.subjectDEBT
dc.subjectDEBT CAPACITY
dc.subjectDEBT RECOVERY
dc.subjectDEPENDENT
dc.subjectDEVELOPING COUNTRIES
dc.subjectDOMESTIC BANK
dc.subjectEARNINGS
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC GROWTH
dc.subjectECONOMICS
dc.subjectEMPLOYMENT
dc.subjectENTERPRISE PERFORMANCE
dc.subjectENTREPRENEUR
dc.subjectENTREPRENEURIAL FINANCE
dc.subjectENTREPRENEURS
dc.subjectENTREPRENEURSHIP
dc.subjectEQUITY CAPITAL
dc.subjectEQUITY FINANCE
dc.subjectEQUITY RATIO
dc.subjectEXCLUSION
dc.subjectEXPORTER
dc.subjectEXPORTERS
dc.subjectEXTERNAL FINANCING
dc.subjectFINANCIAL CONSTRAINTS
dc.subjectFINANCIAL CONTRACTS
dc.subjectFINANCIAL COSTS
dc.subjectFINANCIAL DEVELOPMENT
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL PRODUCTS
dc.subjectFINANCIAL STATEMENTS
dc.subjectFINANCIAL STUDIES
dc.subjectFINANCIAL SYSTEMS
dc.subjectFINANCING CONSTRAINTS
dc.subjectFINANCING NEEDS
dc.subjectFINANCING SOURCES
dc.subjectFIRM FINANCING
dc.subjectFIRM PERFORMANCE
dc.subjectFOREIGN BANK
dc.subjectFOREIGN BANKS
dc.subjectFOREIGN OWNERSHIP
dc.subjectFORMAL BANK
dc.subjectFORMAL CREDIT
dc.subjectGREATER ACCESS
dc.subjectGROWTH OPPORTUNITIES
dc.subjectINCOME GROUP
dc.subjectINCOME GROUPS
dc.subjectINCOME LEVEL
dc.subjectINFORMAL CREDIT
dc.subjectINFORMAL FINANCE
dc.subjectINFORMAL FINANCING
dc.subjectINFORMAL LENDERS
dc.subjectINFORMATION ASYMMETRY
dc.subjectINFORMATION INFRASTRUCTURE
dc.subjectINFORMATION INFRASTRUCTURES
dc.subjectINSTITUTIONAL ENVIRONMENT
dc.subjectINTEREST RATE
dc.subjectINTEREST RATES
dc.subjectINTERNAL FINANCING
dc.subjectINTERNAL FUNDS
dc.subjectINTERNATIONAL BANK
dc.subjectINVESTMENT FINANCING
dc.subjectINVESTMENT OPPORTUNITIES
dc.subjectLEGAL CONSTRAINTS
dc.subjectLEGAL ENVIRONMENT
dc.subjectLEGAL ENVIRONMENTS
dc.subjectLEGAL SYSTEM
dc.subjectLENDERS
dc.subjectLENDING BEHAVIOR
dc.subjectLIABILITY
dc.subjectLINE OF CREDIT
dc.subjectLIQUIDITY
dc.subjectLIQUIDITY CONSTRAINTS
dc.subjectLOAN
dc.subjectLOAN CHARACTERISTICS
dc.subjectLOAN SIZE
dc.subjectLOCAL BANKS
dc.subjectMATURITY
dc.subjectMORAL HAZARD
dc.subjectNEW BUSINESS
dc.subjectOVERDRAFT
dc.subjectOVERDRAFT FACILITY
dc.subjectPERSONAL CREDIT
dc.subjectPOLITICAL ECONOMY
dc.subjectPRIVATE CREDIT
dc.subjectPRIVATE CREDIT BUREAU
dc.subjectPRIVATIZATION
dc.subjectPROFITABILITY
dc.subjectPROPRIETORSHIP
dc.subjectREGIONAL DUMMIES
dc.subjectREPAYMENT
dc.subjectRETAINED EARNINGS
dc.subjectRETURN
dc.subjectRISK MANAGEMENT
dc.subjectRULE OF LAW
dc.subjectSHAREHOLDER
dc.subjectSMALL BUSINESSES
dc.subjectSOURCES OF FINANCE
dc.subjectSTART-UP
dc.subjectTRADE CREDIT
dc.subjectTRANSITION COUNTRIES
dc.subjectUNLIMITED LIABILITY
dc.subjectUSE OF COLLATERAL
dc.subjectVALUE OF COLLATERAL
dc.subjectWORKING CAPITAL
dc.titleThe Impact of the Business Environment on Young Firm Financingen
dspace.entity.typePublication
okr.crossref.titleThe Impact Of The Business Environment On Young Firm Financing
okr.date.doiregistration2025-04-10T11:49:39.565739Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100527085728
okr.guid693541468153859429
okr.identifier.doi10.1596/1813-9450-5322
okr.identifier.externaldocumentum000158349_20100527085728
okr.identifier.internaldocumentum12331553
okr.identifier.reportWPS5322
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2010/05/27/000158349_20100527085728/Rendered/PDF/WPS5322.pdfen
okr.region.administrativeThe World Region
okr.region.administrativeThe World Region
okr.unitDevelopment Research Group (DECRG)
okr.volume1 of 1
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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