The Role of Factoring for Financing Small and Medium Enterprises is popular PDF and ePub book, written by Leora Klapper in 2024-07-03, it is a fantastic choice for those who relish reading online the Uncategoriezed genre. Let's immerse ourselves in this engaging Uncategoriezed book by exploring the summary and details provided below. Remember, The Role of Factoring for Financing Small and Medium Enterprises can be Read Online from any device for your convenience.
The Role of Factoring for Financing Small and Medium Enterprises Book PDF Summary
"Around the world, factoring is a growing source of external financing for corporations and small and medium-size enterprises (SMEs). What is unique about factoring is that the credit provided by a lender is explicitly linked to the value of a supplier ' s accounts receivable and not the supplier ' s overall creditworthiness. Therefore, factoring allows high-risk suppliers to transfer their credit risk to their high-quality buyers. Factoring may be particularly useful in countries with weak judicial enforcement and imperfect records of upholding seniority claims because receivables are sold, rather than collateralized, and factored receivables are not part of the estate of a bankrupt SME. Empirical tests find that factoring is larger in countries with greater economic development and growth and developed credit information bureaus. In addition, the author finds that creditor rights are not related to factoring ... " -- Cover verso.
Detail Book of The Role of Factoring for Financing Small and Medium Enterprises PDF
- Author : Leora Klapper
- Release : 03 July 2024
- Publisher : World Bank Publications
- ISBN : 978186723xxxx
- Genre : Uncategoriezed
- Total Page : 39 pages
- Language : English
- PDF File Size : 15,8 Mb
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