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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

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

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

Who issues debt securities in emerging countries?

Mamoru, Nagano - Volkswirtschaftliche Fakultät, … - 2011

This paper focuses on the differences of capital market accessibility and investigates the determinants of firm debt securities issuance in emerging countries. The following results are derived from the empirical analysis. First, country panel analyses showed that the debt securities market...

Persistent link: https://www.econbiz.de/10009323440

Corporate governance and innovation: an organizational perspective

Belloc, Filippo - Volkswirtschaftliche Fakultät, … - 2010

Traditional economic studies of innovation, built on the contribution of Schumpeter, cannot explain why firms of the … same size and market power can show largely different innovation performances. Contrastingly, the literature on corporate … governance provides some useful insights for understanding corporate innovation activity, to the extent that such literature …

Persistent link: https://www.econbiz.de/10008529324

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

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

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

Procurement centralization in the EU : the case of Italy

Decarolis, Francesco - 2018

Persistent link: https://www.econbiz.de/10011860165

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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