@article{oai:nagoya.repo.nii.ac.jp:00014339,
 author = {NGOUN, Sethykun},
 journal = {国際開発研究フォーラム, Forum of International Development Studies},
 month = {Mar},
 note = {Credit was regarded as a very important factor for the small and medium firms' performance, yet whether the informal finance makes a main contribution to the performance is questionable. This study explored the impacts of formal and informal credit on small and medium enterprises (SMEs) in Phnom Penh. Ordinary least squares (OLS) regression was applied to see the impacts, and its results were reinforced by the borrowers' perception test. The empirical results demonstrated that it is advantageous to get a loan and that a one dollar increase of formal loans raised the revenue by about US$ 0.16, while a one dollar increase of informal loans raised the revenue by US$ 0.88. The difference of the impacts of formal and informal credit rooted in the characteristics of loans of this study. Specifically, the transaction costs of borrowers and the information gap for lenders explained the difference of the impacts.},
 pages = {111--132},
 title = {The Impacts of Formal and Informal Loans on Small and Medium Enterprises' Performance in Urban Areas, Cambodia},
 volume = {41},
 year = {2012}
}