“The Integration of SMEs into Regional Financial Market in Cambodia”

Outline of Dissertation

1. Introduction

1.1   Background of the Study

1.2   Conceptual Framework

1.3   Objectives of the Study

1.4   Significance of the Study

1.5   Definitions and Methodology

1.5.1 Definitions

1.5.2 Data Collection and Sampling Techniques

1.5.2.1 Selection of Research Sites and Household Respondents

1.5.2.2 Data Reference Period

1.5.2.3 Limitations of the Data

1.6   Hypotheses

1.7   Structure of the Thesis

2. Field Research in Cambodia: the Socio-Economic and Regional Context

2.1 Cambodia: The Socio-Economic Context

2.1.1 Geography, Population, and Climate

2.1.2 Economic and Financial Sector Development

2.2 Phnom Penh and Urban Areas

2.2.1 Geography and Population

2.2.2 Economic Development

2.3 Research Sites

2.3.1 The Characteristics of the Research Sites

2.3.2 The Characteristics of the Sample

3. Small and Medium Enterprises in Cambodia

3.1 Description of the SME Sector

3.2 SME’s Contribution to Cambodia’s Economy

3.3 Cambodia’s Regulatory and Legal Framework

3.4 Cambodia’s Policy on SMEs

3.5 SME’s Financial Constraint

4. Financial Structure in Cambodia

4.1 Institutional Characteristics and Finance Technologies of Formal Financial Sector

4.1.1 Commercial Banks

4.1.2 Specialized Banks

4.1.3 Micro Finance Institutions

4.2 Institutional Characteristics and Finance Technologies of Informal Financial Sector

4.2.1 NGOs

4.2.2 Len Shares (ROSCA or Ton Tin)

4.2.3 Pawnbrokers

4.2.4 Moneylenders

4.2.5 Friends and Family Members

4.3 Outreach and Demand Orientation

4.3.1 The Dimensions of Outreach

4.3.1.1 Extent of Outreach: Number of Clients Served

4.3.1.2 Depth of Outreach: Quality of Urban and Rural Clients Served

4.3.1.3 Quality of Financial and Non-Financial Services

5. Vertical and Horizontal Linkage between Formal and Informal Financial Sectors in Cambodia

5.1 Introduction

5.2 Hypotheses

5.3 Overall Aspects of the Formal and Informal Financial Sectors (Literature)

5.4 The Formal-informal Continuum of Financial Institutions (Literature)

5.4.1 The Vertical Linkage

5.4.2 The Horizontal Linkage

5.4.3 The Middle of the Road

5.5 The Financial Linkage: The Evidence from Cambodia

5.5.1 Policy-based Analysis

5.5.2 The Loan-Provision-based Analysis

5.5.3 Adaptation of the Informal Financial Sectors?

5.5.3.1 The Transaction Cost of Formal and Informal Financial Sector

5.5.4 The Trend of Financial Linkage in Cambodia (NBC, Commercial Banks, Informal Financial Sectors (NGOs))

5.6 Summary

6. The Impacts of Formal and Informal Financing on SMEs’ Income in Urban Area

6.1 Introduction

6.2 Hypotheses

6.2 Data Collection

6.3 Methodology

6.4 Empirical Results

6.5 Summary

7. Summary and Policy Conclusions

7.1 Summary

7.2 Policy Conclusions