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We investigate the role of financial constraints on firms' exporting behavior, including firms' export decision, export intensity, firms starting to export decision, and exports persistence. Our financial constraints variable is a synthetic variable that summarizes information on different...
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the financial costs and loan benefits associated with SME relationship banking, extending the scope of existing literature …
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In the expansionary phase of the economy (1995-2007) and, particularly after the Euro introduction, credit to the business sector increased significantly in Europe. According to surveys of the EC-Flash Eurobarometer (2005), over 77% of SMEs claimed to have appropriate funding levels. A number of...
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The banking sector has traditionally played a key role in the financing of Spanish non-financial corporations (NFCs), much more substantial than other alternative sources, such as securities markets or venture capital. The past crisis evidenced that a high degree of dependence on a single source...
Persistent link: https://www.econbiz.de/10012907960
pandemic. We show that public administrations may use guarantee schemes as instruments to improve SME access to financing while …
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countries and between decentralised and centralised systems with regard to the SME ]credit decision ]making process become … significant as savings banks in Germany, at least not for SME finance. Notwithstanding recent initiatives to create a common …. This development has tended to fuel the financial crisis even further in Spain. In Spain, however, whereas most savings …
Persistent link: https://www.econbiz.de/10011818385