TY - JOUR 
A1 - Flaminiano, John Paul
AU - Francisco, Jamil Paolo
T1 - Características de la empresa y restricciones crediticias de las PYMEs en Filipinas

Y1 - 2021
SN - 2531-0046
UR - http://hdl.handle.net/10317/9418
AB - [ENG] Access to finance is critical to support the growth of small and medium-sized enterprises (SMEs). However, lack of access to adequate financing is one of the biggest obstacles that SMEs face. This paper analyzed the relationship between firm characteristics and credit constraints among SMEs in the Philippines. We determined which firm characteristics are correlated to the predicted probability of being credit-constrained or “quasi-constrained” — i.e., able to borrow from informal sources. Estimates of marginal effects at the means (MEMs) from logistic regressions provide some suggestive evidence that increased firm size, previous purchase of fixed assets, and increased use of digital technologies for accounting and financial management are associated with a lower predicted probability of being credit-constrained. The use of digital technologies in accounting and financial management is also associated with a lower probability of credit constraint in informal financial markets.

KW - Credit constraints
KW - Firm characteristics
KW - SMEs
KW - Philippines
KW - Informal financing
KW - Restricciones crediticias
KW - Características de la empresa
KW - PYMEs
KW - Filipinas
KW - Mercados financieros alternativos
KW - 5311 Organización y Dirección de Empresas
KW - E26
KW - G21
KW - G28
KW - O17
LA - eng
PB - AECA (Asociación Española de Contabilidad y Administración de Empresas)
PB - Universidad Politécnica de Cartagena
ER -