Business, Management and Accounting
4 years ago

Improved legal environment boosts young firm access to formal finance.

World Bank policy research working paper
The Impact Of The Business Environment On Young Firm Financing
Inessa Love, Larry W. Chavis, Leora Klapper

Paper Summary

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The study looked at how young companies get money to grow. They found that in many countries, young firms use less bank loans and more informal money. But in places with good laws and credit info, young firms use more bank loans. When there's more credit info available, young firms rely less on informal money. So, better laws and credit info help young firms get formal money easier.