期刊名称：Journal of Economics and International Finance
电子版ISSN：2006-9812
出版年度：2015
卷号：7
期号：9
页码：204-212
DOI：10.5897/JEIF2015.0688
语种：English
出版社：Academic Journals
摘要：This paper assesses the determinants and effects of credit constraints on the productivity of small and medium-sized enterprises (SMEs) in Cameroon. Use is made of the Cameroon enterprise survey data collected by the World Bank in 2009 and an endogenous switching regression model. Results show that interest rates, size of enterprise, size of loan, size of collateral, maturity of loans and legal status of enterprises are major sources of credit constraints faced by SMEs. Results also indicate that medium enterprises are more credit constrained than small enterprises; meanwhile the effects of credit constraints affect small enterprises more than medium enterprises. Credit constrained firms have lower levels of productivity relative to unconstrained firms. These results have implications for the creation of credit bureaux, prudential stringency and rationalization of the Cameroon tax system.
关键词：Small and medium-sized enterprises;credit constraints;endogenous switching regression model;Cameroon tax system
