The impact of COVID-19 on SME financing: A special edition of the OECD Financing SMEs and Entrepreneurs Scoreboard
The COVID-19 crisis has had a profound impact on SME access to finance. In particular, the sudden drop in revenues created acute liquidity shortages, threatening the survival of many viable businesses. The report documents an increase in demand for bank lending in the first half of 2020, and a stead...
Gespeichert in:
| Format: | Elektronisch E-Book |
|---|---|
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2020
|
| Schriftenreihe: | OECD SME and Entrepreneurship Papers
|
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | The COVID-19 crisis has had a profound impact on SME access to finance. In particular, the sudden drop in revenues created acute liquidity shortages, threatening the survival of many viable businesses. The report documents an increase in demand for bank lending in the first half of 2020, and a steady supply of credit thanks to government interventions. On the other hand, other sources of finance declined, in particular early-stage equity. This paper, a special edition of Financing SMEs and Entrepreneurs, focuses on the impacts of COVID-19 on SME access to finance, along with government policy responses. It reveals that the pre-crisis financing environment was broadly favourable for SMEs and entrepreneurs, who benefited from low interest rates, loose credit standards and an increasingly diverse offer of financing instruments. It documents the unprecedented scope and scale of the policy responses undertaken by governments world-wide, and details their key characteristics, and outlines the principal issues and policy challenges for the next phases of the pandemic, such as the over-indebtedness of SMEs and the need to continue to foster a diverse range of financing instruments for SMEs |
| Beschreibung: | 1 Online-Ressource (49 Seiten) |
| DOI: | 10.1787/ecd81a65-en |
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Datensatz im Suchindex
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| illustrated | Not Illustrated |
| index_date | 2024-07-03T19:34:59Z |
| indexdate | 2024-12-18T19:03:15Z |
| institution | BVB |
| language | English |
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| physical | 1 Online-Ressource (49 Seiten) |
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| publisher | OECD Publishing |
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| series2 | OECD SME and Entrepreneurship Papers |
| spelling | The impact of COVID-19 on SME financing A special edition of the OECD Financing SMEs and Entrepreneurs Scoreboard Organisation for Economic Co-operation and Development Paris OECD Publishing 2020 1 Online-Ressource (49 Seiten) txt rdacontent c rdamedia cr rdacarrier OECD SME and Entrepreneurship Papers The COVID-19 crisis has had a profound impact on SME access to finance. In particular, the sudden drop in revenues created acute liquidity shortages, threatening the survival of many viable businesses. The report documents an increase in demand for bank lending in the first half of 2020, and a steady supply of credit thanks to government interventions. On the other hand, other sources of finance declined, in particular early-stage equity. This paper, a special edition of Financing SMEs and Entrepreneurs, focuses on the impacts of COVID-19 on SME access to finance, along with government policy responses. It reveals that the pre-crisis financing environment was broadly favourable for SMEs and entrepreneurs, who benefited from low interest rates, loose credit standards and an increasingly diverse offer of financing instruments. It documents the unprecedented scope and scale of the policy responses undertaken by governments world-wide, and details their key characteristics, and outlines the principal issues and policy challenges for the next phases of the pandemic, such as the over-indebtedness of SMEs and the need to continue to foster a diverse range of financing instruments for SMEs Finance and Investment Economics Industry and Services Australia Austria Azerbaijan Belarus Belgium Brazil Canada Chile China, People's Republic Colombia Czech Republic Denmark Estonia Finland France Georgia Greece Hungary Indonesia Ireland Israel Italy Japan Kazakhstan Korea, Republic of Latvia Lithuania Luxembourg Malaysia Mexico Netherlands New Zealand Peru Philippines Poland Portugal Serbia Slovak Republic Slovenia South Africa Spain Sweden Switzerland Thailand Turkey Ukraine United Kingdom United States https://doi.org/10.1787/ecd81a65-en Verlag kostenfrei Volltext |
| spellingShingle | The impact of COVID-19 on SME financing A special edition of the OECD Financing SMEs and Entrepreneurs Scoreboard Finance and Investment Economics Industry and Services Australia Austria Azerbaijan Belarus Belgium Brazil Canada Chile China, People's Republic Colombia Czech Republic Denmark Estonia Finland France Georgia Greece Hungary Indonesia Ireland Israel Italy Japan Kazakhstan Korea, Republic of Latvia Lithuania Luxembourg Malaysia Mexico Netherlands New Zealand Peru Philippines Poland Portugal Serbia Slovak Republic Slovenia South Africa Spain Sweden Switzerland Thailand Turkey Ukraine United Kingdom United States |
| title | The impact of COVID-19 on SME financing A special edition of the OECD Financing SMEs and Entrepreneurs Scoreboard |
| title_auth | The impact of COVID-19 on SME financing A special edition of the OECD Financing SMEs and Entrepreneurs Scoreboard |
| title_exact_search | The impact of COVID-19 on SME financing A special edition of the OECD Financing SMEs and Entrepreneurs Scoreboard |
| title_exact_search_txtP | The impact of COVID-19 on SME financing A special edition of the OECD Financing SMEs and Entrepreneurs Scoreboard |
| title_full | The impact of COVID-19 on SME financing A special edition of the OECD Financing SMEs and Entrepreneurs Scoreboard Organisation for Economic Co-operation and Development |
| title_fullStr | The impact of COVID-19 on SME financing A special edition of the OECD Financing SMEs and Entrepreneurs Scoreboard Organisation for Economic Co-operation and Development |
| title_full_unstemmed | The impact of COVID-19 on SME financing A special edition of the OECD Financing SMEs and Entrepreneurs Scoreboard Organisation for Economic Co-operation and Development |
| title_short | The impact of COVID-19 on SME financing |
| title_sort | the impact of covid 19 on sme financing a special edition of the oecd financing smes and entrepreneurs scoreboard |
| title_sub | A special edition of the OECD Financing SMEs and Entrepreneurs Scoreboard |
| topic | Finance and Investment Economics Industry and Services Australia Austria Azerbaijan Belarus Belgium Brazil Canada Chile China, People's Republic Colombia Czech Republic Denmark Estonia Finland France Georgia Greece Hungary Indonesia Ireland Israel Italy Japan Kazakhstan Korea, Republic of Latvia Lithuania Luxembourg Malaysia Mexico Netherlands New Zealand Peru Philippines Poland Portugal Serbia Slovak Republic Slovenia South Africa Spain Sweden Switzerland Thailand Turkey Ukraine United Kingdom United States |
| topic_facet | Finance and Investment Economics Industry and Services Australia Austria Azerbaijan Belarus Belgium Brazil Canada Chile China, People's Republic Colombia Czech Republic Denmark Estonia Finland France Georgia Greece Hungary Indonesia Ireland Israel Italy Japan Kazakhstan Korea, Republic of Latvia Lithuania Luxembourg Malaysia Mexico Netherlands New Zealand Peru Philippines Poland Portugal Serbia Slovak Republic Slovenia South Africa Spain Sweden Switzerland Thailand Turkey Ukraine United Kingdom United States |
| url | https://doi.org/10.1787/ecd81a65-en |