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Financing Small And Medium-Sized Enterprises In Thailand: The Importance Of Bank Loans And Financing Diversification, Harri Ramcharran
Financing Small And Medium-Sized Enterprises In Thailand: The Importance Of Bank Loans And Financing Diversification, Harri Ramcharran
The Journal of Entrepreneurial Finance
Bank loans are the main sources of financing the Small and Medium-Sized Enterprises (SME) sector of the Thai economy. This sector contributes to about 37% GDP and employs about 80% of the labor force. Recent data indicate a decline in bank lending; this necessitates the efficient use of available funds and strategies to diversify SME financing. Using data from 2007 – 2014, we analyze the performance of this sector by applying several measures of productivity. We find average productivity to be greater than one for: (a) SME output per unit of SME and (b) SME output per Baht loan. This …