Access to Finance by Chilean Corporations

The author assesses the extent to which Chilean firms have access to sufficient and adequate sources of funds. Access to finance has become an important issue for policymakers in Latin America. Small and medium enterprises (SMEs), in particular, complain that their lack of access to adequate sources...

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Main Author:	Sirtaine, Sophie
Format:	Policy Research Working Paper
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACCOUNTING ADMINISTRATIVE COSTS AGRICULTURE ANNUAL SALES BALANCE SHEET BANK LOANS BANKING SYSTEM BANKRUPTCY BANKS BENCHMARKS BOLSA CAPITAL MARKETS CDS COMMERCIAL LOANS COMPANY CONGLOMERATES CONSOLIDATION CORPORATE BONDS CORPORATE CONTROL CORPORATE DEBT CORPORATE GOVERNANCE CORPORATIONS COST OF CAPITAL COST OF SALES CREDIT LINES CURRENT ASSETS DEBT DISCLOSURE DOWNSIZING EMPLOYMENT ENTREPRENEURS ENTREPRENEURSHIP EQUITY INVESTMENTS EXPANSION EXPORTS EXTERNAL FINANCING FACTORING FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL PERFORMANCE FINANCIAL SECTOR FINANCIAL STRENGTH FINANCIAL STRUCTURE FINANCIAL TRANSACTIONS FINANCING SOURCES FIRMS FOREIGN CAPITAL FOREIGN SHAREHOLDERS FREE TRADE GROWTH POTENTIAL INITIAL PUBLIC OFFERINGS INSIDER TRANSACTIONS INSTITUTIONAL INVESTORS INSURANCE INTEREST COVERAGE RATIO INTEREST RATE INTEREST RATES INVENTORIES INVESTMENT BANKERS INVESTMENT BANKING LAWS LEASING LEGAL FRAMEWORK LEGISLATION LENDERS LIQUIDITY MARKET VALUE MATURITIES MEDIUM ENTERPRISES MERGERS MICROFINANCE MIDDLE INCOME COUNTRIES MINORITY SHAREHOLDERS MUTUAL FUNDS NET MARGIN OPERATING COSTS OUTSTANDING STOCK PORTFOLIO PORTFOLIOS PRIVATE EQUITY PROFITABILITY RATING AGENCIES RETURN ON EQUITY RISKY INVESTMENTS ROA ROE SAVINGS SIZE OF FIRMS SMALL ENTERPRISES SMALL FIRMS SME SME FINANCING STATEMENTS STORES SUPPLIERS TRANSPARENCY TRUSTS VALUE ADDED VENTURE CAPITAL VENTURE CAPITAL FUNDS
Online Access:	http://documents.worldbank.org/curated/en/2006/02/6583216/access-finance-chilean-corporations http://hdl.handle.net/10986/8740

id	okr-10986-8740
recordtype	oai_dc
spelling	okr-10986-87402021-04-23T14:02:40Z Access to Finance by Chilean Corporations Sirtaine, Sophie ACCOUNTING ADMINISTRATIVE COSTS AGRICULTURE ANNUAL SALES BALANCE SHEET BANK LOANS BANKING SYSTEM BANKRUPTCY BANKS BENCHMARKS BOLSA CAPITAL MARKETS CDS COMMERCIAL LOANS COMPANY CONGLOMERATES CONSOLIDATION CORPORATE BONDS CORPORATE CONTROL CORPORATE DEBT CORPORATE GOVERNANCE CORPORATIONS COST OF CAPITAL COST OF SALES CREDIT LINES CURRENT ASSETS DEBT DISCLOSURE DOWNSIZING EMPLOYMENT ENTREPRENEURS ENTREPRENEURSHIP EQUITY INVESTMENTS EXPANSION EXPORTS EXTERNAL FINANCING FACTORING FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL PERFORMANCE FINANCIAL SECTOR FINANCIAL STRENGTH FINANCIAL STRUCTURE FINANCIAL TRANSACTIONS FINANCING SOURCES FIRMS FOREIGN CAPITAL FOREIGN SHAREHOLDERS FREE TRADE GROWTH POTENTIAL INITIAL PUBLIC OFFERINGS INSIDER TRANSACTIONS INSTITUTIONAL INVESTORS INSURANCE INTEREST COVERAGE RATIO INTEREST RATE INTEREST RATES INVENTORIES INVESTMENT BANKERS INVESTMENT BANKING LAWS LEASING LEGAL FRAMEWORK LEGISLATION LENDERS LIQUIDITY MARKET VALUE MATURITIES MEDIUM ENTERPRISES MERGERS MICROFINANCE MIDDLE INCOME COUNTRIES MINORITY SHAREHOLDERS MUTUAL FUNDS NET MARGIN OPERATING COSTS OUTSTANDING STOCK PORTFOLIO PORTFOLIOS PRIVATE EQUITY PROFITABILITY RATING AGENCIES RETURN ON EQUITY RISKY INVESTMENTS ROA ROE SAVINGS SIZE OF FIRMS SMALL ENTERPRISES SMALL FIRMS SME SME FINANCING STATEMENTS STORES SUPPLIERS TRANSPARENCY TRUSTS VALUE ADDED VENTURE CAPITAL VENTURE CAPITAL FUNDS The author assesses the extent to which Chilean firms have access to sufficient and adequate sources of funds. Access to finance has become an important issue for policymakers in Latin America. Small and medium enterprises (SMEs), in particular, complain that their lack of access to adequate sources of financing is an obstacle to their growth. Chile represents an interesting case study since it has one of the most developed financial markets in the continent, and thus great potential for using products suited to the needs and risk characteristics of SMEs. The author concludes that the largest firms have access to the whole range of financial instruments available in Chile. All smaller firms face financing constraints. She then analyzes the obstacles to downsizing access to the capital market and further increasing the penetration of banks in smaller segments. 2012-06-21T22:04:03Z 2012-06-21T22:04:03Z 2006-02 http://documents.worldbank.org/curated/en/2006/02/6583216/access-finance-chilean-corporations http://hdl.handle.net/10986/8740 English Policy Research Working Paper; No. 3845 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research Latin America & Caribbean Chile
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	ACCOUNTING ADMINISTRATIVE COSTS AGRICULTURE ANNUAL SALES BALANCE SHEET BANK LOANS BANKING SYSTEM BANKRUPTCY BANKS BENCHMARKS BOLSA CAPITAL MARKETS CDS COMMERCIAL LOANS COMPANY CONGLOMERATES CONSOLIDATION CORPORATE BONDS CORPORATE CONTROL CORPORATE DEBT CORPORATE GOVERNANCE CORPORATIONS COST OF CAPITAL COST OF SALES CREDIT LINES CURRENT ASSETS DEBT DISCLOSURE DOWNSIZING EMPLOYMENT ENTREPRENEURS ENTREPRENEURSHIP EQUITY INVESTMENTS EXPANSION EXPORTS EXTERNAL FINANCING FACTORING FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL PERFORMANCE FINANCIAL SECTOR FINANCIAL STRENGTH FINANCIAL STRUCTURE FINANCIAL TRANSACTIONS FINANCING SOURCES FIRMS FOREIGN CAPITAL FOREIGN SHAREHOLDERS FREE TRADE GROWTH POTENTIAL INITIAL PUBLIC OFFERINGS INSIDER TRANSACTIONS INSTITUTIONAL INVESTORS INSURANCE INTEREST COVERAGE RATIO INTEREST RATE INTEREST RATES INVENTORIES INVESTMENT BANKERS INVESTMENT BANKING LAWS LEASING LEGAL FRAMEWORK LEGISLATION LENDERS LIQUIDITY MARKET VALUE MATURITIES MEDIUM ENTERPRISES MERGERS MICROFINANCE MIDDLE INCOME COUNTRIES MINORITY SHAREHOLDERS MUTUAL FUNDS NET MARGIN OPERATING COSTS OUTSTANDING STOCK PORTFOLIO PORTFOLIOS PRIVATE EQUITY PROFITABILITY RATING AGENCIES RETURN ON EQUITY RISKY INVESTMENTS ROA ROE SAVINGS SIZE OF FIRMS SMALL ENTERPRISES SMALL FIRMS SME SME FINANCING STATEMENTS STORES SUPPLIERS TRANSPARENCY TRUSTS VALUE ADDED VENTURE CAPITAL VENTURE CAPITAL FUNDS
spellingShingle	ACCOUNTING ADMINISTRATIVE COSTS AGRICULTURE ANNUAL SALES BALANCE SHEET BANK LOANS BANKING SYSTEM BANKRUPTCY BANKS BENCHMARKS BOLSA CAPITAL MARKETS CDS COMMERCIAL LOANS COMPANY CONGLOMERATES CONSOLIDATION CORPORATE BONDS CORPORATE CONTROL CORPORATE DEBT CORPORATE GOVERNANCE CORPORATIONS COST OF CAPITAL COST OF SALES CREDIT LINES CURRENT ASSETS DEBT DISCLOSURE DOWNSIZING EMPLOYMENT ENTREPRENEURS ENTREPRENEURSHIP EQUITY INVESTMENTS EXPANSION EXPORTS EXTERNAL FINANCING FACTORING FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL PERFORMANCE FINANCIAL SECTOR FINANCIAL STRENGTH FINANCIAL STRUCTURE FINANCIAL TRANSACTIONS FINANCING SOURCES FIRMS FOREIGN CAPITAL FOREIGN SHAREHOLDERS FREE TRADE GROWTH POTENTIAL INITIAL PUBLIC OFFERINGS INSIDER TRANSACTIONS INSTITUTIONAL INVESTORS INSURANCE INTEREST COVERAGE RATIO INTEREST RATE INTEREST RATES INVENTORIES INVESTMENT BANKERS INVESTMENT BANKING LAWS LEASING LEGAL FRAMEWORK LEGISLATION LENDERS LIQUIDITY MARKET VALUE MATURITIES MEDIUM ENTERPRISES MERGERS MICROFINANCE MIDDLE INCOME COUNTRIES MINORITY SHAREHOLDERS MUTUAL FUNDS NET MARGIN OPERATING COSTS OUTSTANDING STOCK PORTFOLIO PORTFOLIOS PRIVATE EQUITY PROFITABILITY RATING AGENCIES RETURN ON EQUITY RISKY INVESTMENTS ROA ROE SAVINGS SIZE OF FIRMS SMALL ENTERPRISES SMALL FIRMS SME SME FINANCING STATEMENTS STORES SUPPLIERS TRANSPARENCY TRUSTS VALUE ADDED VENTURE CAPITAL VENTURE CAPITAL FUNDS Sirtaine, Sophie Access to Finance by Chilean Corporations
geographic_facet	Latin America & Caribbean Chile
relation	Policy Research Working Paper; No. 3845
description	The author assesses the extent to which Chilean firms have access to sufficient and adequate sources of funds. Access to finance has become an important issue for policymakers in Latin America. Small and medium enterprises (SMEs), in particular, complain that their lack of access to adequate sources of financing is an obstacle to their growth. Chile represents an interesting case study since it has one of the most developed financial markets in the continent, and thus great potential for using products suited to the needs and risk characteristics of SMEs. The author concludes that the largest firms have access to the whole range of financial instruments available in Chile. All smaller firms face financing constraints. She then analyzes the obstacles to downsizing access to the capital market and further increasing the penetration of banks in smaller segments.
format	Publications & Research :: Policy Research Working Paper
author	Sirtaine, Sophie
author_facet	Sirtaine, Sophie
author_sort	Sirtaine, Sophie
title	Access to Finance by Chilean Corporations
title_short	Access to Finance by Chilean Corporations
title_full	Access to Finance by Chilean Corporations
title_fullStr	Access to Finance by Chilean Corporations
title_full_unstemmed	Access to Finance by Chilean Corporations
title_sort	access to finance by chilean corporations
publisher	World Bank, Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/2006/02/6583216/access-finance-chilean-corporations http://hdl.handle.net/10986/8740
_version_	1764405921889386496

Access to Finance by Chilean Corporations

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