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Financing Small and Medium-Size Enterprises with Factoring: Global Growth and Its Potential in Eastern Europe
The paper explores the advantages of factoring over other types of lending for firms in developing economies, and discusses the informational, legal, tax and regulatory barriers to its growth. It also examines the role of factoring in the eight Eastern European countries that became EU members on May 1, 2004—the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, the Slovak Republic, and Slovenia, referred to as the EU 8.
Link
http://wbln0018.worldbank.org/html/FinancialSectorWeb.nsf/(attachmentweb)/3342/$FILE/3342.pdf#search=%22Financing%20Small%20and%20Medium-Size%20Enterprises%20with%20Factoring%3A%20Global%20Growth%20and%20Its%20Potential%20in%20Eastern%20Europe%22