Cost of external financing of SMEs: A study of a developing country

Autor:	Md. Rostam Ali, Md. Ashikul Islam, Rustom Ali Ahmed
Rok vydání:	2019
Předmět:	Actual cost Finance Trade credit business.industry Developing country External financing Small and medium-sized enterprises business
Zdroj:	International Journal of Financial Engineering. :1950029
ISSN:	2424-7944 2424-7863
DOI:	10.1142/s2424786319500294
Popis:	This study has attempted to calculate the actual cost of the fund of SMEs by considering the fund from institutional and non-institutional sources. For this study, some financial tools, techniques, two samples mean comparison test and ANOVA test have been used to analyze the cross-sectional primary data. The study has found that the average actual cost of the fund from institutional sources, non-institutional sources (without trade credit) and trade credit are 15.52%, 32.11% and 40%, respectively. The cost of the external financing of small enterprises is higher than the medium enterprises and this cost in manufacturing sectors is higher than the service/trade sectors. Again, this cost in rural region is higher than the urban region but it is not statistically significant. The average cost of external financing of SMEs is about 29% which is really high to conduct a business properly.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::24711c9a878d4197bf70625451556569 https://doi.org/10.1142/s2424786319500294 Zobrazit plný text záznamu