Abstract
Small and Medium Enterprises (SMEs) have lower internal resources
and limited access to external finance. Extensive literature is available
on the capital structure of corporate sector, the SME sector is
relatively ignored. To bridge this gap, the study has considered the role
of firm’s demographics in determining financing patterns of SMEs in
the SAARC countries. Data is acquired form the enterprise survey
conducted by World Bank and Seemingly Unrelated Regression is used
for analysis. Results indicate that the industry, and location, play key
role in determining financing patterns. Similarly, age and size are also
important determinants of the financing patterns. Age is least important
for financing of fixed asset financing patterns.
Key Words: Working capital, fixed assets, demographics.
Asad Ullah, muhammad khushnood, Rao Aamir Khan. (2019) Demographics And Financing Patterns Of SMEs In SAARC Countries, Journal of Managerial Sciences, Volume 13, Issue 3.
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