Commercial banking as a key factor for SMEs development in Mexico through factoringa qualitative approach

  1. Guillermo Pérez-Elizundia 1
  2. José Alfredo Delgado-Guzmán 1
  3. Jesús F. Lampón 2
  1. 1 Universidad Nacional Autónoma de México
    info

    Universidad Nacional Autónoma de México

    Ciudad de México, México

    ROR https://ror.org/01tmp8f25

  2. 2 Universidade de Vigo
    info

    Universidade de Vigo

    Vigo, España

    ROR https://ror.org/05rdf8595

Revista:
European Research on Management and Business Economics

ISSN: 2444-8834

Ano de publicación: 2020

Volume: 26

Número: 3

Páxinas: 155-163

Tipo: Artigo

DOI: 10.1016/J.IEDEEN.2020.06.001 DIALNET GOOGLE SCHOLAR lock_openAcceso aberto editor

Outras publicacións en: European Research on Management and Business Economics

Resumo

Despite the advantages that literature grants to factoring, its degree of adoption in small and medium-sized enterprises (SMEs) is low. The objective of the research is to establish the determinants in factoring adoption that allow greater access to financing by SMEs. For this purpose, a qualitative study was carried out through in-depth interviews with ten financial entities in Mexico that represent between 60 and 80% in volume of factoring that is operated in the country. Aspects such as legal certainty, efficient customer information systems, the reduction of requirements to start operations or the ease of operation and simplification of procedures are key in the design and implementation of factoring programs. The implications for financial institutions and public administration are to design factoring programs with a vision beyond the commercial aspect and define a robust legal framework to operate this financial product.

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Fonte de datos: Dialnet