Improving MSMEs’ Access to Start-up Financing in ASEAN Countries

Maran, Raluca (2022): Improving MSMEs’ Access to Start-up Financing in ASEAN Countries. Published in: Journal of Research, Innovation and Technologies , Vol. I, No. 2(2) (30 December 2022): pp. 121-140.

Abstract

Lack of access to finance constitutes a major setback to the development of the MSME sector in ASEAN countries. MSMEs are confronted with stringent funding constraints in traditional lending and capital markets, in particular at the early stages of their activity. Demand and supply of capital to MSMEs thus entails more complex issues compared to the larger firms. This paper presents a number of policy actions that have the potential to mitigate the financing challenges faced by MSMEs in ASEAN at the start-up stage by enhancing the potential of alternative funding sources such as business angel investment, crowdfunding, venture capital investment and SME stock markets.

• Item Type: MPRA Paper
• Language: English
• Keywords: MSMEs; ASEAN; start-up financing; business angels; crowdfunding; venture capital; MSME stock markets; loans and guarantees
• Subjects: G - Financial Economics > G3 - Corporate Finance and Governance > G32 - Financing Policy ; Financial Risk and Risk Management ; Capital and Ownership Structure ; Value of Firms ; Goodwill

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