The role of factoring for financing small and medium enterprises

Journal of Banking and Finance

Volumn 30, Issue 11, 2006, Pages 3111-3130

  Klapper, Leora ^a  

^a WORLD BANK   (United States)

Author keywords

Financial development; Financial intermediation; Firm size; Small and medium size enterprises

Indexed keywords

EID: 33749623914     PISSN: 03784266     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jbankfin.2006.05.001     Document Type: Article

References (14)

1. Bakker, M.-R., Klapper, L., Udell, G., 2004. The role of factoring in commercial finance and the case of Eastern Europe, World Bank working paper.
2. Banco de Mexico, 2004. Credit Market Survey. Available from: .
3. Claessens, S., Glaessner, T., Klingebiel, D., 2001. E-Finance in emerging markets: Is leapfrogging possible?, World Bank Financial Sector Discussion Paper 7, June.
4. Demirguc-Kunt, A., Maksimovic, V., 2002. Firms as financial intermediaries: Evidence from trade credit data, World Bank working paper.
5. Djankov, S., McLiesh, C., Shleifer, A., 2005. Private credit in 129 countries, NBER working paper 11078.
6. Factor Chain International. World Factoring Yearbook 2005 (2005), BCR Publishing, United Kingdom
7. Fisman R., and Love I. Trade credit, financial intermediary development, and industry growth. Journal of Finance 58 (2003) 353-374
8. Fisman R., and Raturi M. Does competition encourage credit provision? Evidence from African trade credit relationships. Review of Economics and Statistics 86 (2004) 345-352
9. La Porta R., Lopez-de-Silanes F., Shleifer A., and Vishny R. Legal determinants of external finance. Journal of Finance 52 (1997) 1131-1150
10. Love, I., Mylenko, N., 2003. Credit reporting and financing constraints, World Bank Policy Research Working Paper 3142, October.
11. McMillan J., and Woodruff C. Interfirm relationships and informal credit in Vietnam. Quarterly Journal of Economics 114 (1999) 1285-1320
12. Muschella, D., 2003. The Italian factoring industry. Mimeo.
13. Sopranzetti B.J. The economics of factoring accounts receivable. Journal of Economics and Business 50 (1998) 339-359
14. Van Horen, N., 2004. Do firms use trade credit as a competitiveness tool?. Evidence from developing countries, World Bank mimeo.