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来源类型Working Paper
规范类型报告
DOI10.3386/w11695
来源IDWorking Paper 11695
Historical Financing of Small- and Medium-Sized Enterprises
Robert Cull; Lance E. Davis; Naomi R. Lamoreaux; Jean-Laurent Rosenthal
发表日期2005-10-17
出版年2005
语种英语
摘要We focus on the economies of the North Atlantic Core during the nineteenth and early twentieth centuries and find that an impressive variety of local financial institutions emerged to supply the needs of SMEs wherever there was sufficient demand for their services. Although these intermediaries had significant weaknesses, they were able to tap into local information networks and so extend credit to firms that were too young or small to secure funds from large regional or national institutions. In addition, by raising the return to savings for local households, they helped to mobilize significant new resources for economic development.
主题Financial Economics ; Financial Institutions ; History ; Financial History
URLhttps://www.nber.org/papers/w11695
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/569345
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GB/T 7714
Robert Cull,Lance E. Davis,Naomi R. Lamoreaux,et al. Historical Financing of Small- and Medium-Sized Enterprises. 2005.
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