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Financing Obstacles Among Euro Area Firms : Who Suffers the Most?
Ferrando, Annalisa; Griesshaber, Nicolas - 2021
In this study we investigate the determinants of financing obstacles using survey data on a sample of around 5000 firms from the euro area countries. This completely new survey – started at the end of 2009 - gives us the opportunity to test whether firm characteristics such as size, age,...
Persistent link: https://www.econbiz.de/10013316096
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Firms' Financing Constraints : Do Perceptions Match the Actual Situation?
Ferrando, Annalisa - 2013
This paper uses a non-parametric matching procedure to match survey replies to balance sheet information. It draws on the SAFE survey on access to finance for a sample of 11886 firms in the euro area which are matched with their nearest neighbor in an extended dataset with balance sheet...
Persistent link: https://www.econbiz.de/10013078194
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Firms’ financing constraints: do perceptions match the actual situation?
Ferrando, Annalisa; Mulier, Klaas - 2013
This paper uses a non parametric matching procedure to match survey replies to balance sheet information. It draws on the SAFE survey on access to finance for a sample of 11886 firms in the euro area which are matched with their nearest neighbour in an extended dataset with balance sheet...
Persistent link: https://www.econbiz.de/10011605622
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Determinants of Firms’ Efficiency : Do Innovations and Finance Constraints Matter? The Case of European Smes
Bonanno, Graziella - 2020
This paper aims at investigating the relationship between firms' profit efficiency, access to finance and innovation … efficiency in order to increase profitability. Among firms that have embarked in product innovation, those in the industry and … help to better understand the link between innovation, financial constraints and efficiency, which goes beyond the idea …
Persistent link: https://www.econbiz.de/10012831402
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Financial Constraints and Productivity : Evidence from Euro Area Companies
Ferrando, Annalisa - 2015
We study the relation between firms financial structure, access to external finance and labor productivity using a unique dataset of firm-level data for several euro area countries during the period 1995-2011. The empirical strategy is twofold. First we build a synthetic indicator of financial...
Persistent link: https://www.econbiz.de/10013019618
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The Real Effects of Credit Constraints : Evidence from Discouraged Borrowers in the Euro Area
Ferrando, Annalisa - 2015
This paper uses a new survey-based data set and a model with strong theoretical under-pinnings to explain the characteristics and behaviour of discouraged borrowers in the euro area. The results show that more borrowers are discouraged when the average interest rate charged by banks in a country...
Persistent link: https://www.econbiz.de/10013016941
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Procurement centralization in the EU : the case of Italy
Decarolis, Francesco - 2018
Persistent link: https://www.econbiz.de/10011860165
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Sovereign Stress, Unconventional Monetary Policy, and SME Access to Finance
Ferrando, Annalisa - 2015
We investigate the effect of sovereign stress and of unconventional monetary policy on small firms' financing patterns during the euro area debt crisis. We find that after the crisis started, firms in stressed countries were more likely to be credit rationed, both in the quantity and in the...
Persistent link: https://www.econbiz.de/10013019629
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Sources of the Small Firm Financing Premium : Evidence from Euro Area Banks
Holton, Sarah - 2017
The post-2008 period in the euro area was characterised by sharp dispersion in borrowing costs faced by firms, across both countries and firm types. This dispersion was an important manifestation of the "financial fragmentation" which hampered the smooth transmission of accommodative monetary...
Persistent link: https://www.econbiz.de/10012949926
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Public-private partnerships versus traditional procurement : innovation incentives and information gathering
Hoppe, Eva I.; Schmitz, Patrick W. - 2010
Persistent link: https://www.econbiz.de/10003948928