diversity in the mode of financing that is commonly observed in the intermediate stage of development. …

of financing sources may be limited by the supply-side financial endowment of the region. Small firms are known to be …

This paper examines the financing structure of small and medium-sized enterprises (SMEs) in Germany and questions … whether an equity gap - or, more generally, a financing gap -exists. Reviewing the literature and available data sources, we … find that financing constraints seem to affect, if at all, only a very small subgroup among highly growth-oriented firms …