Podcasts Government Asia's Developing Future Denying credit to small and medium-sized enterprises may threaten an economys growth

Denying credit to small and medium-sized enterprises may threaten an economys growth

Published: Nov. 28, 2018, midnight

b'Small and medium-sized enterprises (SMEs) comprise 99% of nonfinancial businesses in the euro area and employ 67% of the total labor force. In Asia, they account for almost 98% of all businesses and employ about 66% of the workforce. These businesses are vital to a country\\u2019s economy. \\n\\nTo survive, most SMEs need external funding. The most important direct sources are credit lines, bank loans, and leasing. Funds are essential\\u2014but where are they? What can be done to help SMEs? Danilo Mascia of Nottingham University Business School investigates. \\n\\nRead the transcript\\nhttps://bit.ly/2QlSLEL\\n\\nRead the working paper\\nhttps://www.adb.org/publications/young-enterprises-and-bank-credit-denials\\n\\nAbout the author\\nDanilo Mascia is an assistant professor in banking at Nottingham University Business School, United Kingdom.\\n\\nKnow more about ADBI\\u2019s work\\nhttps://bit.ly/2P4vpiv\\nhttps://bit.ly/2QiA5G9'