Searching for funding, SMEs' managers face various obstacles arising from information asymmetry, lack of experience, severe market conditions, and insufficient or unsatisfactory collaterals for banks (OECD 2006; Badulescu and Badulescu 2010; OECD 2000 and 2004; Lin and Sun 2006; Toivanen and Cresy, 2000). The...

Small and medium enterprises (SMEs) are recognized having an important role in economic development, but this recognition doesnâ€(tm)t resolve the essential problems of the SME sector. We found that one of these are the problems of insufficient or inadequate funding, the lack of availability...