Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/161440
Authors: 
Yoshino, Naoyuki
Taghizadeh-Hesary, Farhad
Year of Publication: 
2016
Series/Report no.: 
ADBI Working Paper Series 564
Abstract: 
Small and medium-sized enterprises (SMEs) are the backbone of the Asian economy. They make up more than 98% of all Asian businesses that provide two out of three private sector jobs in the region. Therefore, it is vitally important for Asia's economic success to have fully functioning support measures for SMEs. However, SMEs face challenges from limited access to finance, lack of databases, low R&D expenditures, undeveloped sales channels, and low levels of financial inclusion, which are some of the reasons behind the slow growth of SMEs. This paper focuses on four major reasons that slowed the SME growth in Asia including i) lack of finance, ii) lack of comprehensive databases, iii) low level of R&D expenditures, and iv) insufficient use of information technology and provides remedies for mitigating them.
Subjects: 
SME databases
financial inclusion
SME investment
R&D expenditure
JEL: 
G21
G24
G32
Creative Commons License: 
https://creativecommons.org/licenses/by-nc-nd/3.0/igo/
Document Type: 
Working Paper

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