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credit rationed, both in the quantity and in the price dimension, and to increase their use of debt securities. We also find … share of credit rationed firms and of firms discouraged from applying. In addition, firms reduced their use of debt … securities, trade credit, and government subsidized loans. Firms with improved outlook and credit history were particularly …
Persistent link: https://www.econbiz.de/10013019629
) with balance sheet information. Our evidence documents that credit constrained firms display an incentive to improve their …
Persistent link: https://www.econbiz.de/10012831402
) with balance sheet information. Our evidence documents that credit constrained firms display an incentive to improve their …
Persistent link: https://www.econbiz.de/10012241105
is concluded that young small leading innovators are the most likely to be credit constrained. Public grants seem to at …
Persistent link: https://www.econbiz.de/10012140295
We examine the link between corporate financing and investment decisions of European firms by using a novel firm-level survey of the European Investment Bank (EIBIS). The survey provides rich quantitative information of a wide range of financing sources and tangible and intangible investment...
Persistent link: https://www.econbiz.de/10011781087
. We confirm that young small leading innovators are the most likely to be credit constrained. Grants seem to at least …
Persistent link: https://www.econbiz.de/10011900904
Persistent link: https://www.econbiz.de/10014428643
Availability of internal and external financing sources has an impact on firms' investments and growth. Even profitable firms with sufficient financing sources in normal times can be affected by demand and supply shocks such as the COVID-19 lockdown, the energy crisis, or the recent tightening...
Persistent link: https://www.econbiz.de/10015071862