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Financing Resources for Egyptian Small and Medium Enterprises

Author

Listed:
  • Rola Nabil El Kabbani

    (Faculty of Management Technology, The German University in Cairo)

  • Christian Kalhoefer

    (Faculty of Management Technology, The German University in Cairo)

Abstract

Even though small and medium enterprises (SMEs) represent the majority of the Egyptian firms, their value added is relatively low. According to previous research, SMEs face a financing gap that causes undercapitalization and represents an obstacle that hinders SMEs from growth. This paper analyzes the current situation of SMEs in Egypt and addresses the question whether the financing problem still exists. In addition, we discuss the role of venture capital as a possible source of financing. Based on data which has been gathered using questionnaires, it is investigated whether Egyptian SMEs do know and would accept venture capital financing for their businesses. Our results show that access to finance is still a significant bottleneck for Egyptian SMEs. Venture capital financing could help to close this financing gap.

Suggested Citation

  • Rola Nabil El Kabbani & Christian Kalhoefer, 2011. "Financing Resources for Egyptian Small and Medium Enterprises," Working Papers 28, The German University in Cairo, Faculty of Management Technology.
    • Handle: RePEc:guc:wpaper:28
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    File URL: http://mgt.guc.edu.eg/wpapers/028kabbani_kalhoefer2011.pdf
    File Function: First version, 2011
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    Citations

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    Cited by:

    1. Hala El-Said & Mahmoud Al-Said & Chahir Zaki, 2015. "Trade and access to finance of SMEs: is there a nexus?," Applied Economics, Taylor & Francis Journals, vol. 47(39), pages 4184-4199, August.
    2. Hala El-Said & Mahmoud Al-Said & Chahir Zaki, 2013. "What Determines the Access to Finance of SMEs? Evidence from the Egyptian Case," Working Papers 752, Economic Research Forum, revised May 2013.

    More about this item

    Keywords

    SME; Financing Gap; Venture Capital;
    All these keywords.

    JEL classification:

    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage

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