King's College London: SMEs in Corrupt Countries Discouraged From Applying for Business Loans, New Research Finds
(TNSRes) -- King's College London issued the following news release:
SMEs in countries scoring high on corruption indices are more likely to be discouraged from approaching banks for a loan if they do not have government connections than those that do have government connections, finds new research from King's Business School.
Lack of access to external financing is one of the most significant barriers to entrepreneurship in many countries around the world. The research sheds light o...