Financial literacy, asymmetric information and credit accessibility: case study of Lao's small and medium enterprise
Files
Issued Date
2021
Available Date
Copyright Date
Resource Type
Series
Edition
Language
eng
File Type
application/pdf
No. of Pages/File Size
63 leaves
ISBN
ISSN
eISSN
Other identifier(s)
b212304
Identifier(s)
Access Rights
Access Status
Rights
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Rights Holder(s)
Physical Location
National Institute of Development Administration. Library and Information Center
Bibliographic Citation
Citation
Vilasack Srithirath (2021). Financial literacy, asymmetric information and credit accessibility: case study of Lao's small and medium enterprise. Retrieved from: https://repository.nida.ac.th/handle/662723737/5635.
Title
Financial literacy, asymmetric information and credit accessibility: case study of Lao's small and medium enterprise
Alternative Title(s)
Author(s)
Editor(s)
Advisor(s)
Advisor's email
Contributor(s)
Contributor(s)
Abstract
Small and Medium Enterprise (SMEs) is a fundamental part of economic growth worldwide, ensuring sustainable growth, job creation, reducing income inequality, poverty reduction and highly conductive to economic growth in the Lao PDR. However, consistently with other SMEs worldwide, SMEs in Laos are also confronting with many obstacles especially financial access. So, this study aims to investigate the impact of financial literacy, reduction in asymmetric information and credit access for SMEs in Lao PDR. The questionnaire used to survey the financial literacy is the combination of financial knowledge, financial behavior, financial attitude, and some advanced financial concepts. Besides that, to assess the level of asymmetric information, this study uses the satisfaction of both lender and borrower about the information that provided and received from both parties. The methodology used in this study is binary logistic regression and the SMEs owners who running their business in Vientiane were used as samples. The results reveal positive and significant relationship between financial literary, reduction in asymmetric information and credit access for SMEs. Furthermore, we found that education level is positive and significantly related to financial literacy. Higher financial literacy then lowers the level of asymmetric information which in turn affects the credit access of SMEs.
Table of contents
Description
Thesis (M.Econ. (Financeial Economics))--National Institute of Development Administration, 2021