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. Access to finance remains a key constraint to SME development in emerging economies. Closing the credit gap for formal SMEs … will be less daunting than for informal SMEs. The SME finance gap is the result of a mismatch between the needs of the … enabling environment and residual market failures have motivated government interventions to foster SME access to financing …
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By employing a sample of 20,956 observations of non-financial SMEs headquartered in the Euro area, between 2009 and 2015, we test whether young businesses are more likely to face credit rejections from lenders than their older peers. Our findings appear to confirm our suspicions that new...
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