Empirical Analysis of Corporate Savings in Egypt
This paper presents empirical analysis of corporate savings in Egypt using two datasets: a survey of small and medium enterprises and data from accounting statements for the largest publicly traded firms. There are two main findings. First, larger...
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| Format: | Policy Research Working Paper |
| Language: | English |
| Published: |
2012
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| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110413172716 http://hdl.handle.net/10986/3400 |
| Summary: | This paper presents empirical analysis
of corporate savings in Egypt using two datasets: a survey
of small and medium enterprises and data from accounting
statements for the largest publicly traded firms. There are
two main findings. First, larger firms invest more (they
have more physical saving) and have greater access to
finance than smaller firms. Second, despite the financial
deepening, the use of credit products has been declining
during the past decade. The study reaffirms the importance
of improving access to financial services in Egypt and
points out the need for more research. In addition,
policies aimed at reducing macroeconomic volatility are
likely to result in increased investment and growth in Egypt. |
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