Financing SMEs and Entrepreneurs 2022.
The COVID-19 crisis caused profound disruptions in the global economy, with SMEs and entrepreneurs, particularly hard hit. Swift measures implemented by governments and public financial institutions provided a crucial lifeline for liquidity-strapped SMEs.The 10th edition of Financing SMEs and Entrep...
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| Autor Corporativo: | |
| Formato: | Libro electrónico |
| Idioma: | Inglés |
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Paris :
Organization for Economic Cooperation & Development
2022.
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| Edición: | 1st ed |
| Colección: | Financing SMEs and Entrepreneurs
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| Ver en Biblioteca Universitat Ramon Llull: | https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009705234706719 |
Tabla de Contenidos:
- Intro
- Preface
- Foreword
- Note
- Acknowledgements
- Country expert team
- Reader's guide
- Indicators
- Data collection
- Cross-country comparability
- Methodological advances and recommendations for data improvements
- Acronyms and abbreviations
- Executive summary
- 1 Recent trends in SME and entrepreneurship financing
- Business environment and macroeconomic context
- Trade and business investment
- Financial conditions
- Lending to SMEs
- New SME loans
- Outstanding stock of SME loans
- SME loan shares
- Short-term versus long-term lending Credit conditions for SMEs
- Interest rates
- Collateral requirements
- SME loan applications
- Rejection rates
- Additional evidence on credit conditions from survey data
- Euro area
- United States
- Japan
- United Kingdom
- Asset-based finance
- Leasing and hire purchases
- Factoring
- Equity instruments
- Venture capital
- Online alternative finance
- Payment delays, bankruptcies and non-performing loans
- Payment delays
- Bankruptcies
- Non-performing loans (NPLs)
- Government policy responses in 2019-20 In the run-up to the crisis, governments continued to make use of credit guarantee schemes and increasingly supported alternative finance instruments for SMEs
- Credit guarantees have remained the dominant form of support for SME access to finance through the COVID pandemic
- Direct lending was also ramped up to support the SME crisis response
- Governments made significant use of temporary crisis measures, such as deferred payments and grants, to support the urgent liquidity needs of SMEs Public support for equity financing in 2020 was strong, but not as strong as the support provided through other instruments
- Fintech firms played a role in channelling support, but have further potential to support SME access to finance
- The post-COVID policy landscape will be shaped by the recovery agenda and the need to increase SME resilience, including through continued financial diversification
- References
- Notes
- 2 SME finance in COVID-19 recovery packages: Assessment and implications
- Overview
- Introduction
- The SME orientation of recovery packages Many countries have launched recovery packages
- The packages share common overarching objectives but differ in focus
- The format, types of support and size of packages differ across countries
- Rescue packages had a strong focus on SMEs
- However, recovery packages have a less explicit focus on SMEs
- Recovery packages also saw a shift in the types of SMEs targeted
- SME financing instruments in recovery packages
- Debt instruments continue to be an integral part of recovery packages, with a shift in design and focus.
