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Enterprise Size, Financing Patterns, and Credit Constraints in Brazil : Analysis of Data from the Investment Climate Assessment Survey

Enterprise Size, Financing Patterns, and Credit Constraints in Brazil 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, an...

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Bibliographic Details
Main Authors: Kumar, Anjali, Francisco, Manuela
Language:English
en_US
Published: Washington, DC: World Bank 2012
Subjects:
ADVERSE EFFECTS
ADVERSE SELECTION
ASYMMETRIC INFORMATION
BANK BRANCHES
BANK LOANS
BANK OF ENGLAND
BANK RELATIONSHIPS
BANKING RELATIONSHIPS
BANKING SYSTEM
BANKS
BORROWING
COMPETITIVENESS
COST DIFFERENTIALS
CREDIT LINES
CREDIT MARKETS
CREDIT RATIONING
DEBT
DIVERSIFICATION
ECONOMIC FLUCTUATIONS
ECONOMIC GROWTH
EMPLOYMENT
ENTERPRISE SIZE
EXPECTED RETURNS
EXTERNAL AUDITORS
FINANCIAL INFORMATION
FINANCIAL INSTITUTIONS
FINANCIAL SERVICES
FINANCING SOURCES
FIRM SIZE
FIRMS
FOREIGN BANKS
GDP
HUMAN CAPITAL
INTANGIBLE ASSETS
INTEREST RATE
INTEREST RATES
LABOR COSTS
LATIN AMERICAN
LEASING
LENDERS
LOCAL PUBLIC FINANCE
MORAL HAZARD
PER CAPITA INCOME
PER CAPITA INCOMES
PRIVATE BANKS
PRIVATE COMMERCIAL BANKS
PRODUCTIVITY
SALES/ASSETS
SAVINGS
SAVINGS ACCOUNTS
SECURITIES
SMALL BUSINESS
SMALL FIRMS
SUBSIDIARY
TRANSACTION COSTS
TRANSPARENCY
WORKING CAPITAL
Online Access:http://documents.worldbank.org/curated/en/2005/01/5796814/enterprise-size-financing-patterns-credit-constraints-brazil-analysis-data-investment-climate-assessment-survey
http://hdl.handle.net/10986/7330
Description
Summary:Enterprise Size, Financing Patterns, and Credit Constraints in Brazil 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.

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