1 / 17

Enhancing SME Financing Data User Needs: A Canadian Perspective

Explore the evolution of SME financing data, user needs, and programs in Canada, highlighting challenges and innovative solutions to improve data quality and accessibility for stakeholders.

echildress
Télécharger la présentation

Enhancing SME Financing Data User Needs: A Canadian Perspective

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. SME FINANCING DATAUSER NEEDS: CANADIAN PERSPECTIVE OECD Workshop On SME Statistics September 17-19, 2003 Tim Davis Agriculture, Technology and Transportation Branch Statistics Canada

  2. Overview • Recognizing the role of SMEs • SME Finance Data – What We Had • Review of the Financial Services Sector • The Canadian SME-FDI • SME Financing data: Users and Needs • SME-FDI Data Collection Programs • Highlights of Findings • User Reactions and Outstanding Needs

  3. Evolution:SME Sector Gains Respect • Prior to 1980s-Little attention to SMEs • 1980s: Political awareness but little Policy interest • Low-job recovery from 90s recession and SMEs were “discovered” • SMEs seen as engine for job creation and growth

  4. Evolution:SME Sector Gains Respect • SMEs lobbied for more substantial support • “Financing” was a frequent complaint • 1966: Government mandated a Financial Services TF to address SME financing • The “MacKay TF” eventually led to data…. And more

  5. SME Finance Data:The Way We Were • Several ad hoc “proprietary” data sets • Bankers, Venture Capitalist, SME Groups all cited data to support their positions • No comparability; Perceptions of bias • Data generated debates, but • Much confusion; Little direction

  6. Review of the Financial Services Sector • Government explicitly requested recommendations on SME financing • MacKay TF: Unable to make recommendations • Insufficient data for credible analysis • Hence: Improve data first! • The SME Finance Data Initiative was borne • Innovative partnership of policy Departments ands statistical agency

  7. The Canadian SME-FDI • Partnership of Statistics Canada, Industry Canada, Finance Canada • Comprehensive and objective data sets • Both demand for and supply of financing • Standard concepts and definitions • Analysis supports policy and drives data design • New base funding

  8. SME Financing data: Users and Needs • Three User Groups SMEs and Their Associations • Objective data to substantiate their case • Drive policy changes; improve access Financial Services Sector • Also to substantiate case • Understand potential market • Learn to serve the SME client

  9. SME Financing data: Users and Needs Researchers and Policy-makers • Need is greatest here • Guide beneficial interventions • Avoid market distortions • Identify real gaps • Isolate market bias against specific target groups

  10. A Summary of User Needs • Type of financing used by SMEs • Financing requests, by amount, by source • Financing “success” by size and characteristics • Financing supply by business size • Impact of financing decisions on SMEs • Geographic and characteristic detail if possible

  11. SME-FDI Data Collection Programs • Supply-side survey by Statistics Canada • By authorisation level not size of business • Demand-side survey by Statistics Canada • Characteristics of firms and their financing experience • Needs and attitudes of SME owners re: financing

  12. Highlightsof Survey Findings • In 2000: • 82% of SMEs seeking loans, obtained them • Only 23% sought loans • Larger SMEs -> more requests • Larger SMEs -> more successful • Banks accounted for 2/3 of requests made

  13. Highlightsof Survey Findings • In 2001: • Only 18% sought loans • 80% successful

  14. Small and medium-sized enterprises financing in Canada 2000

  15. Outstanding Data Needs Demand Side • Detailed firm characteristics • Age, Stage of development • Location, Industry • Firm owner characteristics • Education, Experience, • Age, Gender, Ethnicity • Financing impacts on unsuccessful SMEs

  16. Outstanding Data Needs • Supply Side • Financing by size of firm, not authorisation • Detail by: Size, Location, Industry, Sector • Angel financing • Longitudinal studies of financing and impacts • Continued development of concepts and definitions

  17. Conclusions • Vital data program • Users satisfied • Active research program leading to more data demands • Avoid complacency; Even successful data programs are in jeopardy

More Related