IDEAS home Printed from https://ideas.repec.org/a/shc/jaresh/v1y2009i2p129-140.html
   My bibliography  Save this article

Formality Of Financial Sources And Firm Growth: Empirical Evidence From Brazilian Smes 1990-2005

Author

Listed:
  • Abubakr Saeed

Abstract

This article investigates the impact of financial sources on firm growth in Brazil. In particular underlying objectives of this paper is to answer the questions, does external or internal and formal or informal financial sources affects differently on firm performance?, and does financial institutional development support firm performance? Empirical results reveal that internal finance maintains positive relation with firm growth. Growth positively relates to the formal financial institutions while it is found insignificant to informal institutions. Furthermore, analysis strengthens the view that developed financial system is a very imperative factor for firm's growth in less developed countries.

Suggested Citation

  • Abubakr Saeed, 2009. "Formality Of Financial Sources And Firm Growth: Empirical Evidence From Brazilian Smes 1990-2005," Journal of Academic Research in Economics, Spiru Haret University, Faculty of Accounting and Financial Management Constanta, vol. 1(2 (Octobe), pages 129-140.
  • Handle: RePEc:shc:jaresh:v:1:y:2009:i:2:p:129-140
    as

    Download full text from publisher

    File URL: http://www.jare-sh.com/downloads/abstract_october_2009/abstract_abubakr.pdf
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Suresh Ramakrishnan & Saqib Muneer & Melati Ahmad Anuar, 2015. "An Interaction between Firm Strategy, Capital Structure and Firm’s Performance," Journal of Economics and Behavioral Studies, AMH International, vol. 7(4), pages 37-47.
    2. Ioan E. Nistor & Daniela-Rodica Popescu, 2013. "Romanian SMEs Financing Options: An Empirical Analysis," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(15), pages 12-21, December.
    3. Cheng, Peng & Wei, Jiuchang & Liu, Yang, 2024. "Give a plum in return for a peach: The effect of entrepreneurial informal financing on environmental corporate social responsibility," Journal of Business Research, Elsevier, vol. 175(C).
    4. Ghassan Omet, 2011. "Stock Market Liquidity: Comparative Analysis of The Abu Dhabi Stock Exchange and Dubai Financial Market," Working Papers 655, Economic Research Forum, revised 12 Jan 2011.
    5. Nunoo, Jacob & Andoh, Francis K., 2011. "Sustaining Small and Medium Enterprises through Financial Service Utilization: Does Financial Literacy Matter?," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 123418, Agricultural and Applied Economics Association.
    6. Casey, Eddie & O'Toole, Conor M., 2014. "Bank lending constraints, trade credit and alternative financing during the financial crisis: Evidence from European SMEs," Journal of Corporate Finance, Elsevier, vol. 27(C), pages 173-193.
    7. Bach Nguyen & Nguyen Phuc Canh, 2021. "Formal and informal financing decisions of small businesses," Small Business Economics, Springer, vol. 57(3), pages 1545-1567, October.

    More about this item

    Keywords

    Formal finance; Informal finance; Firm growth; Financial reforms.;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:shc:jaresh:v:1:y:2009:i:2:p:129-140. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Claudiu Chiru (email available below). General contact details of provider: https://edirc.repec.org/data/fcuspro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.