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The real effects of EU loan guarantee schemes for SMEs: a pan-European assessment
Brault, Julien; Signore, Simone - 2019
This paper provides a pan-European assessment of EU credit guarantees to SMEs. Synthesizing past research, it investigates the firm-level economic impact of over 360,000 guaranteed loans under the EU MAP and CIP programmes from 2002 to 2016. These loans represented a total amount of EUR 22bn...
Persistent link: https://www.econbiz.de/10012021696
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Financing micro firms in Europe : an empirical analysis
Masiak, Christian; Block, Jörn; Moritz, Alexandra; … - 2017
The vast majority of firms in Europe are micro firms. Still, we know little about their financing patterns. Our paper aims to close this gap. Based on a large European firm-level data set, we find that micro firms differ in their financing patterns from small and medium-sized companies. Our...
Persistent link: https://www.econbiz.de/10011859838
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Euro area SMEs under financial constraints : belief or reality?
Artola, Concha; Genre, Véronique - 2011
reporting acute problems of access to external finance. Using firm-level replies to the SME survey on access to finance, we use …
Persistent link: https://www.econbiz.de/10009380414
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European funds and green public procurement
Nicolas, Ruben; Titl, Vitezslav; Schotanus, Fredo - 2024
The European Commission co-funds public projects through the European Structural and Investment Funds (ESIF) to stimulate the sustainable economic development of EU Member States. The ESIF budget is about 90 billion euros annually and ESIF beneficiaries are explicitly encouraged to increase...
Persistent link: https://www.econbiz.de/10015045173
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Microeconometric evidence of financing frictions and innovative activity
Tiwari, Amaresh K.; Mohnen, Pierre A.; Palm, Franz C.; … - 2014
Using Dutch data we empirically investigate how financing and innovation vary across firm characteristics. We find that … when firms face financial constraints, debt financing and innovation choices are not independent of firm characteristics …
Persistent link: https://www.econbiz.de/10010249680
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Long-term finance and investment with frictional asset markets
Kozlowski, Julian - 2017
Trading frictions in financial markets affect more long- than short-term bonds generating an upward sloping yield curve. Long-term financing is more expensive in economies with higher trading frictions so firms choose to borrow and invest in shorter horizons and lower productivity projects. The...
Persistent link: https://www.econbiz.de/10011911516
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A comparison between sustainability frameworks : an integrated reading through ESG criteria for business strategies and enterprise risk management
Casciotti, Paola - 2023
Implementing the complex Agenda 2030, with its high global Sustainable Development Goals (SDGs) requires, in the by now short time horizon of reference, an extraordinary effort, at all institutionals and private levels, to converge effectively on the whole system of intermediate and interrelated...
Persistent link: https://www.econbiz.de/10014391219
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Drivers and obstacles to banking SMEs : the role of competition and the institutional framework
Torre, Augusto de la; Martínez Pería, María Soledad; … - 2009
foster SME lending and attention has focused on improving the institutional environment, such that the financial system is … more willing to lend to SMEs. In this paper, we directly ask banks (the main providers of SME external finance) what … and retail sectors. They perceive the SME market as highly profitable, large, and with good prospects. Moreover, banks are …
Persistent link: https://www.econbiz.de/10003850504
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Econometric study on the impact of EU loan guarantee financial instruments on growth and jobs of SMEs
Bertoni, Fabio; Brault, Julien; Colombo, Massimo G.; … - 2019
This working paper investigates the economic effects of guaranteed loans granted under the EU programmes MAP and CIP on SMEs' growth in Italy, the Benelux and the Nordic countries (Denmark, Finland, Norway and Sweden) from 2002 to 2016. In these macro-regions, the facilities supported 174,107...
Persistent link: https://www.econbiz.de/10011963850
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The effects of EU-funded guarantee instruments of the performance of small and medium enterprises : evidence from France
Bertoni, Fabio; Colombo, Massimo G.; Quas, Anita - 2018
rates. The study also estimates the effects of guaranteed loans on SME productivity. Consistent with earlier works, the …
Persistent link: https://www.econbiz.de/10011939685