نوع مقاله : مقاله پژوهشی
نویسندگان
1 رئیس اداره تامین مالی بانک توسعه صادرا ت ایران
2 موسسه عالی آموزش بانکداری ایران
کلیدواژهها
عنوان مقاله English
نویسندگان English
While high growth firms (HGFs) are crucial drivers of economics growth, to date there has been a dearth of research examining their funding requirements. Drawing on survey of over 285 Iranian Small and Medium Sized Enterprises (SMEs) in Export Development Bank of Iran (EDBI), this paper investigate the capital structure and access to credit in high growth SMEs in the Export Development Bank of Iran.
The findings challenge conventional wisdom, about high growth SMEs in certain respects. It shows that there are distinction for applying finance between HGFs and other SMEs. The work revealed that HGFs are significantly more likely to apply for finance than other SMEs. In fact, the vast majority of high growth SMEs rely strongly in debt-based finance, in order to preserve and continue their growth trend.
We find out that there is difference between receipt of working capital facility in HGFs and other low growth firms (LGFs). The work shows that HGFs are significantly less likely to receipt of working capital (Short term financing) than other SMEs.
A more expected finding was that high-growth SMEs encounter greater problems accessing finance (credit constraints) than other typical SMEs in Export Development Bank of Iran.
Key Words: Entrepreneurship, SMs, Gazelles, Innovation, Credit Constraints and access to finance
JEL Classification: O31 ، G21، G32، L26
کلیدواژهها English
