Connectedness and SME Financing in Post-Communist Economies
Evidence from Uzbekistan
Bibliographic Data
| ID | 20303153 |
|---|---|
| Authors | Kobil Ruziev (0000-0001-8047-3657, University of the West of England, corresponding author), Peter Midmore (Aberystwyth University) |
| Year | 2015 |
| Volume | 51 |
| Issue | 5 |
| Pages | 586-602 |
| Publication date | 2015-05-04 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | The Journal of Development Studies (JOURNAL) |
| Journal identifiers | ISSN: 0022-0388 • E-ISSN: 1743-9140 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/00220388.2014.989991 |
| OpenAlex | W2102761769 |
| Language | EN |
| Citations received | 2 |
| References cited | 38 |
This paper investigates effects of interpersonal links with bureaucrats on SME access to formal finance.A survey of 502 SMEs in post-communist Uzbekistan shows fewer SMEs with government connections express a need for external finance, but success rates of applications are higher than for SMEs without connections.Econometric models show government-connected SMEs receive more formal credit than their counterparts.The small share of SME credit available is thus distributed in favour of those capitalising on bureaucratic links, with consequent resource misallocation.Findings imply that greater SME credit flows need supplementing with capacity building that improves bank transparency and efficiency
Bureaucracy · Business · Communism · Constructive · Economics · Government (linguistics) · Interpersonal communication · Political science · Politics · Quality (philosophy) · Social capital · Social science · Sociology · Transparency (behavior) · Accounting · Banking stability, regulation, efficiency · Cooperative Studies and Economics · Corporate Finance and Governance · Finance · Law
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| Unique citing works | 2 |
|---|---|
| Citations per year | 0,29 |
| Citation span | 2019 - 2021 (3) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 2 |