Bank Financing for Small and Medium-sized Enterprises (SMEs) in Libya

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Author(s)
Primary Supervisor
Worthington, Andrew
Other Supervisors
Gupta, Rakesh
Year published
2016
Metadata
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Small and Medium-Sized Enterprises (SMEs) are of increasing importance for all national economies worldwide. Evidence already shows that SMEs are critical in key economic areas, including the distribution of income, the absorption of labour and the alleviation of poverty. As a result, SMEs have been increasingly the focus of policies and strategies that aim at achieving sustainable development goals in both developing and developed countries, regardless of any pre-existing differences in their underlying economic systems. However, despite widespread developments in recent decades, the lack of access to finance remains a ...
View more >Small and Medium-Sized Enterprises (SMEs) are of increasing importance for all national economies worldwide. Evidence already shows that SMEs are critical in key economic areas, including the distribution of income, the absorption of labour and the alleviation of poverty. As a result, SMEs have been increasingly the focus of policies and strategies that aim at achieving sustainable development goals in both developing and developed countries, regardless of any pre-existing differences in their underlying economic systems. However, despite widespread developments in recent decades, the lack of access to finance remains a formidable obstacle for SME development. In seeking to diversify its economy and reduce its over-reliance on the large firm- dominated oil sector, Libya has chosen to focus on the role of SMEs to assist in achieving myriad economic and social development objectives. However, as the case in many other developing countries, Libyan SMEs face difficulties obtaining external finance, yet, there has been very little research undertaken to investigate the issues associated with their access to finance. This is particularly the case with bank financing, which as elsewhere, is the most important source of external finance for SMEs.
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View more >Small and Medium-Sized Enterprises (SMEs) are of increasing importance for all national economies worldwide. Evidence already shows that SMEs are critical in key economic areas, including the distribution of income, the absorption of labour and the alleviation of poverty. As a result, SMEs have been increasingly the focus of policies and strategies that aim at achieving sustainable development goals in both developing and developed countries, regardless of any pre-existing differences in their underlying economic systems. However, despite widespread developments in recent decades, the lack of access to finance remains a formidable obstacle for SME development. In seeking to diversify its economy and reduce its over-reliance on the large firm- dominated oil sector, Libya has chosen to focus on the role of SMEs to assist in achieving myriad economic and social development objectives. However, as the case in many other developing countries, Libyan SMEs face difficulties obtaining external finance, yet, there has been very little research undertaken to investigate the issues associated with their access to finance. This is particularly the case with bank financing, which as elsewhere, is the most important source of external finance for SMEs.
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Thesis Type
Thesis (PhD Doctorate)
Degree Program
Doctor of Philosophy (PhD)
School
Griffith Business School
Copyright Statement
The author owns the copyright in this thesis, unless stated otherwise.
Item Access Status
Public
Subject
Small and Medium-Sized Enterprises (SMEs)
Small and Medium-Sized Enterprises, Libya
Poverty alleviation, Libya
Sustainable development, Libya