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Supply chain finance and SMEs : evidence from international factoring data
Auboin, Marc; Smythe, Harry; Teh, Robert - 2016
The unbundling of trade across regions offers unique opportunities for SMEs to integrate into global trade notably through their involvement into supply-chains. With supply-chains shifting and expanding into new regions of the world, the challenge for SMEs to accessing financing remains an...
Persistent link: https://www.econbiz.de/10011521813
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All you need is cash : corporate cash holdings and investment after the global financial crisis
Joseph, Andreas; Kneer, Christiane; Horen, Neeltje van - 2021
Cash holdings at the onset of a financial crisis are a key determinant of investment by SMEs not only during the crisis but also during the recovery period. Cash-rich SMEs could maintain their capital stock during the global financial crisis, while cash-poor rivals reduced theirs. This gave...
Persistent link: https://www.econbiz.de/10012509557
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Integrating with their feet : cross-border lending at the German-Austrian border
Fidrmuc, Jarko (contributor); Hainz, Christa (contributor) - 2008
Persistent link: https://www.econbiz.de/10003688885
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Effects of corporate tax reforms on SMEs' investment decisions under the particular consideration of inflation
Nam, Chang-woon (contributor); Radulescu, Doina (contributor) - 2005
Corporate tax reforms carried out in EU countries since 1980 entail lower statutory tax rates and reductions in generous tax depreciation provisions. Several countries including the UK have reduced tax rates for SMEs. This study compares incentive effects of such reforms on the SMEs’...
Persistent link: https://www.econbiz.de/10003109877
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Is the German Mittelstand more resistant to crises? : empirical evidence from the great recession
Berlemann, Michael; Jahn, Vera; Lehmann, Robert - 2020
Germany’s comparatively good economic performance throughout the Great Recession of the years 2008/2009 is often …
Persistent link: https://www.econbiz.de/10012388222
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Small firms and domestic bank dependence in Europe's Great Recession
Hoffmann, Mathias; Maslov, Egor; Sørensen, Bent E. - 2019
Small businesses (SMEs) depend on banks for credit. We show that the severity of the Eurozone crisis was worse in countries where firms borrowed more from domestic banks ("domestic bank dependence") than in countries where firms borrowed more from international banks. Eurozone banking...
Persistent link: https://www.econbiz.de/10012119808
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Local capital scarcity and small firm growth : evidence from real estate booms in China
Hau, Harald; Ouyang, Difei - 2019
In geographically segmented credit markets, local real estate booms can deteriorate the funding conditions for small manufacturing firms and undermine their competitiveness. Using exogenous variation in the administrative land supply across 172 Chinese cities, we show that higher predicted real...
Persistent link: https://www.econbiz.de/10012120233
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Gender, access to finance, occupational choice, and business performance
Gazanchyan, Nelli S.; Hashimzade, Nigar; Rodionova, Yulia; … - 2017
We present a theoretical and empirical analysis of the links between the gender of an entrepreneur, access to finance, occupational choice, and business performance. Our theoretical model predicts that, when lenders discriminate against women entrepreneurs, the average entrepreneurial skill of...
Persistent link: https://www.econbiz.de/10011610923
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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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Complementing business training with access to finance : evidence from SMEs in Kenya
Ashraf, Anik; Lyons, Elizabeth - 2023
This paper investigates the complementarity between business training and access to financial capital for small and medium enterprises (SMEs) in Kenya. All participants in a business training program are offered training. One-third of participants are offered loans immediately after training...
Persistent link: https://www.econbiz.de/10014332125