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dc.contributor.authorKrugell, Waldo
dc.contributor.authorMatthee, Marianne
dc.date.accessioned2014-07-29T09:14:00Z
dc.date.available2014-07-29T09:14:00Z
dc.date.issued2012
dc.identifier.citationKrugell, W. & Matthee, M. 2012. South African firm-level evidence of the links between finance and efficiency. Journal of economic and financial sciences, 5(1):271-286. [http://reference.sabinet.co.za/sa_epublication/jefs ]en_US
dc.identifier.issn1022-6486
dc.identifier.issn2222-582x
dc.identifier.urihttp://hdl.handle.net/10394/10944
dc.description.abstractSmall and medium-sized enterprises are often seen as drivers of economic growth and development by generating employment opportunities. However, for SMEs to be successful they need finance. Access to finance has been found to be a major obstacle to SMEs' ability to do business in South Africa. This paper takes a closer look at firms, their access to finance and output per worker in South Africa, by using data from the World Bank Enterprise Survey 2007. The results show that firms that are financially constrained are more vulnerable to shocks and competition, and are weaker contributors to employment creation and growth. These firms are typically small and less established. They hold less inventory, have lower capacity utilisation and are unlikely to be exporters or to introduce new products in response to competition. The results from the regression model confirm that access to finance and different sources of finance are drivers of productivity at firm level.en_US
dc.description.urihttp://reference.sabinet.co.za/webx/access/electronic_journals/jefs/jefs_v5_n1_a16.pdf
dc.language.isoenen_US
dc.publisherSabineten_US
dc.subjectEfficiencyen_US
dc.subjectfinanceen_US
dc.subjectaccess to financeen_US
dc.subjectsources of financeen_US
dc.subjectsmall and medium enterprisesen_US
dc.subjectSouth Africaen_US
dc.titleSouth African firm-level evidence of the links between finance and efficiencyen_US
dc.typeArticleen_US
dc.contributor.researchID10715789 - Krugell, Willem Frederik
dc.contributor.researchID12079111 - Matthee, Marianne


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