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Safi Dastjerdi, Davoud, Komeil Tayebi, Seyed, Elahi, Nasser. (1399). The Effect of Economic Growth Rate Uncertainty on Financing Small and Medium Enterprises in Iran. نشریه علمی دانشگاه سیستان و بلوچستان, 12(1), 57-71. doi: 10.22111/ijbds.2020.5437
Davoud Safi Dastjerdi; Seyed Komeil Tayebi; Nasser Elahi. "The Effect of Economic Growth Rate Uncertainty on Financing Small and Medium Enterprises in Iran". نشریه علمی دانشگاه سیستان و بلوچستان, 12, 1, 1399, 57-71. doi: 10.22111/ijbds.2020.5437
Safi Dastjerdi, Davoud, Komeil Tayebi, Seyed, Elahi, Nasser. (1399). 'The Effect of Economic Growth Rate Uncertainty on Financing Small and Medium Enterprises in Iran', نشریه علمی دانشگاه سیستان و بلوچستان, 12(1), pp. 57-71. doi: 10.22111/ijbds.2020.5437
Safi Dastjerdi, Davoud, Komeil Tayebi, Seyed, Elahi, Nasser. The Effect of Economic Growth Rate Uncertainty on Financing Small and Medium Enterprises in Iran. نشریه علمی دانشگاه سیستان و بلوچستان, 1399; 12(1): 57-71. doi: 10.22111/ijbds.2020.5437

The Effect of Economic Growth Rate Uncertainty on Financing Small and Medium Enterprises in Iran

International Journal of Business and Development Studies
دوره 12، شماره 1، شهریور 2020، صفحه 57-71    اصل مقاله (707.75 K)
شناسه دیجیتال (DOI): 10.22111/ijbds.2020.5437
نویسندگان
Davoud Safi Dastjerdi1؛ Seyed Komeil Tayebi2؛ Nasser Elahi3
1Ph.D. Candidate in Economics, Mofid University
2Professor of Economics, University of Isfahan
3Associate Professor, Mofid University
چکیده
Today, small and medium-sized enterprises (SMEs) play a key role in both developing and developed economies. However, the uncertainty of macroeconomic indicators, such as economic growth, may affect financing and investment of the SMEs in an economy. The present study explores the effect of the economic growth rate uncertainty on financing SMEs in Iran. To this end, the study has applied the Brownian motion approach to calculate the uncertainty of the economic growth rate. The study has also considered relevant data of the Iranian SMEs compiled by the Comprehensive Database of All Listed Companies (CODAL). We have examined the SMEs with less than 100 employees throughout 2011-2017. The empirical results show that the effect of the economic growth rate uncertainty on the selected Iranian SMEs financing has been negative and statistically significant, while it seems an effective challenge to such firms in order to finance their productive investment.
JEL Classification:D81, G21, L25, E43.
کلیدواژه‌ها
Economic Growth Rate؛ Finance؛ Iran؛ SMEs؛ Uncertainty
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