Export Performance of MSMEs in India: Is Credit Constraint an Invisible Gorilla?

2021 ◽  
pp. 001946622110624
Author(s):  
Gourishankar S. Hiremath ◽  
Supratik Deb
Keyword(s):  
Foreign Currency ◽  
Small And Medium Enterprises ◽  
Low Cost ◽  
Export Performance ◽  
Cost Of Debt ◽  
Credit Constraint ◽  
Jel Codes ◽  
Domestic Credit ◽  
Medium Enterprises ◽  
Recent Policy

We examine the effects of foreign currency borrowings (FCBs) and domestic market constraints on the performance of the export of the micro, small and medium enterprises (MSMEs) during the period 1988–2019. Our results show that access to the FCBs improved the performance of the MSME exports, indicating the importance of credit accessibility. MSMEs effectively utilise the grants when accompanied by credit facilities such as FCBs. We find that the high cost of debt and lack of financial development adversely affect the exports, as MSMEs are unable to borrow. The rupee depreciation alone does not help the MSMEs reap such depreciation benefits due to the lack of domestic credit. The recent policy stance of emphasis on MSMEs is expected to improve export performance. This study calls for the specialised window for the MSMEs to meet low cost and easy credit. The findings suggest stepping up grants to the MSMEs to improve the export performance. JEL Codes: F14, F34, F2, F31

Thermal characterisation analysis and modelling techniques for CubeSat-sized spacecrafts

2017 ◽  
Vol 121 (1246) ◽  
pp. 1858-1878
Author(s):  
Anwar Ali ◽  
Khalil Ullah ◽  
Hafeez Ur Rehman ◽  
Inam Bari ◽  
Leonardo M. Reyneri
Keyword(s):  
Thermal Resistance ◽  
Heat Dissipation ◽  
Small And Medium Enterprises ◽  
Low Cost ◽  
Detailed Model ◽  
Small Surface ◽  
Short Development Time ◽  
Similar Materials ◽  
Absorbed Power ◽  
Medium Enterprises

ABSTRACTRecently, universities and Small and Medium Enterprises (SMEs) have initiated the development of nanosatellites because of their low cost, small size and short development time. The challenging aspects for these satellites are their small surface area for heat dissipation due to their limited size. There is not enough space for mounting radiators for heat dissipation. As a result, thermal modelling becomes a very important element in designing a small satellite. The paper presents detailed and simplified generic thermal models for CubeSat panels and also for the complete satellite. The detailed model takes all thermal resistances associated with the respective layers into account, while in the simplified model, the layers with similar materials have been combined and are represented by a single thermal resistance. The proposed models are then applied to a CubeSat standard nanosatellite called AraMiS-C1, developed at Politecnico di Torino, Italy. Thermal resistance measured through both models is compared, and the results are similar. The absorbed power and the corresponding temperature differences between different points of the single panel and complete satellite are measured. In order to verify the theoretical results, thermal resistance of the AraMiS-C1 and its panels are measured through experimental set-ups. Theoretical and measured values are in close agreement.

Le esportazioni dei sistemi produttivi locali di piccole e medie imprese nel 2005: i risultati dell'utilizzo di nuove metodologie e fonti statistiche

2009 ◽  
pp. 5-34
Author(s):  
Natale Renato Fazio ◽  
Carmela Pascucci
Keyword(s):  
Foreign Trade ◽  
Labour Market ◽  
Small And Medium Enterprises ◽  
Export Performance ◽  
Market Area ◽  
Local Systems ◽  
Local Labour Market ◽  
Local Labour ◽  
Market Areas ◽  
Medium Enterprises

- This paper presents findings of a new methodology to attribute national exports to the Local Labour Market Area (LLMA). This methodology allows overcoming limitations due to the use of administrative units, i. e. provinces (NUTS 3), for foreign trade analysis. Methods The methodology is based on several Istat databases (Foreign Trade, Statistic Archive of Active Enterprises and Local Units Archive). In the first part of the work, sources and methodology are described, the second part is devoted to aggregated and macro-sectors results. Results The results show for 2005 that 37.5% of national exports of manufactured goods derived from local systems of small and medium enterprises. The analysis of the exporter enterprises in the 2005-2007 panel, shows that the contribution of these local systems grew slightly from 37.3% in 2005 to 37.5% in 2007. Conclusions The export performance analysis shows different results for Center-North and South LLMA. In southern regions, in spite of lower export activities, there are local systems with significant levels of performance on international markets.JEL: C81, F10, R11, R12Keywords: export, province of departure, microeconomic data, sectorial specialization, local labour market areas (LLMAS), industrial districts.Parole chiave: esportazioni, provincia di origine, dati microeconomici, specializzazione settoriale, sistema locale del lavoro, distretti industriali.

The cooperation mechanisms of trade associations

2018 ◽  
Vol 31 (4) ◽  
pp. 701-718 ◽  
Author(s):  
Jose Brache
Keyword(s):  
Latin American ◽  
Positive Impact ◽  
Small And Medium Enterprises ◽  
Contextual Factors ◽  
Export Performance ◽  
Multiple Streams ◽  
Trade Associations ◽  
Policy Makers ◽  
Content Type ◽  
Medium Enterprises

Purpose The purpose of this paper is to propose a conceptual model that portrays how contextual factors and behavioural cooperation mechanisms influence the effect of trade associations on the export performance of small and medium enterprises (SMEs) in a Latin American emerging economy. Design/methodology/approach The author draws on multiple streams of literature including: co-location, networks, cooperation and export performance to suggest a series of solid theoretical insights to the literature on SMEs’ export performance, networks and co-location in the Latin American context. Findings Contextual factors and behavioural cooperation mechanisms influence the effect of trade associations on export performance determining the final sign of such effect. Trust plays a role within all proposed mechanisms, but is not as fundamental as previously characterised in studies on the export performance of SMEs. Cooperation might exist, prevail, and exert a positive impact on SMEs’ export performance even in the absence of trust. Originality/value This paper contributes to the literature on SMEs’ export performance, networks and co-location in the Latin American context by presenting a theoretical model that enfolds co-location, networks, trade associations and cooperation effects on SMEs’ export performance under the same foundation. It creates the categories of “contextual factors” and “behavioural cooperation mechanisms” to differentiate the elements that weight on the relationship between firms and trade associations, thus facilitating or hindering export performance. It guides policy makers and company managers on where to focus when incentivizing conduct towards a more productive export performance in Latin America and other emerging economies.

BIG TECH BANKING

2018 ◽  
Vol 14 (4) ◽  
pp. 494-526 ◽  
Author(s):  
Miguel de la Mano ◽  
Jorge Padilla
Keyword(s):  
Financial Stability ◽  
Positive Impact ◽  
Small And Medium Enterprises ◽  
Low Cost ◽  
Consumer Welfare ◽  
Retail Banking ◽  
Policy Makers ◽  
Medium Enterprises ◽  
New Industry

Abstract In this paper we explore the likely implications of the entry of Big Tech platforms into retail banking and the appropriate response of regulators and policy makers to this new industry development. We find that the entry of Big Tech platforms may transform the banking industry in radical ways: although it may possibly increase competition to the benefit of consumers in the short term, within a few years Big Tech companies may succeed in monopolizing the origination and distribution of loans to consumers and Small and Medium Enterprises (SMEs), forcing traditional banks to become “low cost manufacturers,” which merely fund the loans intermediated by the Big Techs. This situation may harm competition, reduce consumer welfare, and bring about an increase in financial instability in the medium or long term. We analyze alternative policy responses aimed at maximizing the positive impact on consumer welfare of Big Tech entry while limiting the risk of monopolization as well as the potential adverse implications of such entry on market integrity and financial stability.

Inequalities in Firms’ Access to Credit in Latin America

2013 ◽  
Vol 13 (03n04) ◽  
pp. 283-318 ◽  
Author(s):  
Harry Makler ◽  
Walter L. Ness ◽  
Adrian E. Tschoegl
Keyword(s):  
Latin America ◽  
World Bank ◽  
Potential Role ◽  
Small And Medium Enterprises ◽  
Credit Constraint ◽  
Access To Credit ◽  
Poverty And Inequality ◽  
Gender Education ◽  
Political Associations ◽  
Medium Enterprises

A variety of social and economic institutions have contributed to the decline in poverty and inequality in Latin America. We focus on the bank-SME nexus because of the importance of banks as a source of finance for small and medium enterprises (SMEs), and the potential role that SMEs can play as sources of innovation, employment, and in reducing poverty and inequality. Our regression analysis of data from World Bank (WB) surveys of firms in Argentina, Brazil, Chile, and Mexico shows that firms that are smaller, newer, less technically advanced, and less well-located firms are more likely to report being credit constrained. The factors that did not count are executive characteristics such as gender, education, and experience in the sector, and firm performance or foreign ownership. Firms that worked with several banks, developed affiliations to business groups or were in trade and political associations were less likely to report credit constraint.

scholarly journals Contribution of Small and Medium Enterprises Run by Women in Generating Employment Opportunity in Rwanda

2020 ◽  
Vol 15 (3) ◽  
pp. 14 ◽  
Author(s):  
Rachel Bayisenge ◽  
Hu Shengede ◽  
Yves Harimana ◽  
Jean Bosco Karega ◽  
Margret Lukileni ◽  
...  
Keyword(s):  
Economic Development ◽  
Gender Equality ◽  
Poverty Reduction ◽  
Small And Medium Enterprises ◽  
Low Cost ◽  
Doing Business ◽  
National Economic ◽  
The Government ◽  
Medium Enterprises ◽  
Quantitative And Qualitative Methods

Small and Medium Enterprises are the key to the national economic development as a way to improve its population livelihood. The main reason for this sector is a potential employment with the low cost of the capital. The contribution of small and medium enterprises run by women in society was recognized to the employment generation, gender equality and economic development. A personnel initiative, vision, and innovation to grow their businesses are well needed. In this research 15 districts out of 30 were selected to get all needed data, and thirteen (13) women were communicated in each selected district (15) as a sum of a hundred and ninety-five (195) correspondents. The combination of quantitative and qualitative methods was used to analyze data, and questionnaires and interviews were used to collect data. Our results have been proved that small and medium enterprises run by women and sustainability of Rwandan economic development were closely related as the SMEs run by women increase and employment opportunities also increase. It was noted that women owned SMEs is a central driving effort behind gender equality, poverty reduction, and job creation. Therefore, it is recommended that the government might set the policy to encourage women in doing business whereby women in different regions of Rwanda should be given enough attention in economy activities through both small and medium enterprises, and entrepreneurship.

scholarly journals Trust, Commitment and Competitive Advantage in SMEs Export Performance

2017 ◽  
Vol 19 (1) ◽  
pp. 1 ◽  
Author(s):  
Md Daud Ismail ◽  
Syed Shah Alam ◽  
Roshayati Bt Abdul Hamid
Keyword(s):  
Competitive Advantage ◽  
Small Businesses ◽  
Small And Medium Enterprises ◽  
Export Performance ◽  
International Markets ◽  
Export Markets ◽  
Cross Border ◽  
And Performance ◽  
Medium Enterprises ◽  
International Behavior

The entry of small businesses into international markets has intensified. However, despite the growing presence of small businesses in international markets, studies into their international behavior, particularly regarding the effect of international relationships on international outcomes, remain limited. This study investigates the cross-border relationships of Small and Medium Enterprises (SMEs) by examining the effects of the dimensions of the key relationship on the competitive advantage and performance of SMEs in export markets. These dimensions include trust and commitment. Results indicate that trust is significantly related to commitment and export performance. Commitment is positively related to competitive advantage but not to export performance. Trust affects competitive advantage through commitment. The effect of commitment on export performance is mediated by competitive advantage. The methodology and results are presented. The conclusion, implications, and limitations of this study are also discussed.

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