Working Paper Series: Special Edition of 2016 to 2018 Interns

Appendix 1C Table 6. Mean Proportion of Working Capital Financing by Firm Size

Larger 63.78 (23.83) 8.922 (13.09) 2.448 (4.042) 20.83 (12.22) 4.022 (10.88)

Medium 61.71 (24.20) 12.90 (16.69) 3.343 (4.325) 19.21 (11.88) 2.799 (8.953)

Small 59.58 (27.72) 13.45 (18.50) 3.493 (4.869) 20.21 (13.95) 3.273 (10.51)

Total 60.64 (26.21) 12.97 (17.56) 3.374 (4.624) 19.87 (13.09) 3.137 (9.961)

Internal Funds

Private Commercial

State Banks

Supplier Credit

Other

mean coefficients; sd in parentheses *Other includes sources of finance from non-bank financial institutions, family and friends, angel investors’ equity, credit cards etc.

Table 7. Mean Proportion of Fixed Capital Financing by Firm Size

Larger 61.36 (28.58) 34.09 (28.40) 4.545 (9.869)

Medium 73.91 (31.65) 17.80 (23.89) 8.288 (14.02)

Small 68.50 (30.41) 24.90 (26.61) 6.594 (12.38)

Total 69.92 (30.83) 23.03 (26.12) 7.054 (12.84)

Internal Funds

Private Commercial

Other

mean coefficients; sd in parentheses *Other includes sources of finance from non-bank financial institutions, family and friends, angel investors’ equity, credit cards etc.

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