アラビアン・ジャーナル・オブ・ビジネス・アンド・マネジメント・レビュー

Asymmetry of Information and Credit Rationing: Investigation of Small and Medium-Sized Tunisian Firms

Abstract

Nekaa N*, Elhajali Y and Boudabbous S

The Small and Medium Enterprise is a natural or legal person who creates merchandise and services, registered in the register of trade or trades according to the country. Despite the importance of SMEs at the social and economic level, these companies do not receive the support that they deserve in particular concerning the financing neither from the state nor the banks. Thus, SMEs represent the majority of enterprises in Tunisia. It has an important role in the economy: it contributes to the creation of employment and the absorption of unemployment; they also support the development and creation of added value in different sectors of activity. As a result, the Tunisian government has set up various institutions to provide technical and professional assistance to SMEs, to modernize these entities for international integration, particularly in the Euro-Mediterranean context. It is in this context, our study is located to appreciate the relationship between asymmetry of information and the rationing of credits for Tunisian SMEs. Throughout this article, we will study the determinants of the rationing strategy of credit for Tunisian SMEs.