Similar Search Results

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

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

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

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

Finance and Diversification

Manganelli, Simone - 2010

We study how financial market efficiency affects a measure of diversification of output across industrial sectors borrowed from the portfolio allocation literature. Using data on sector-level value added for a wide cross section of countries and for various levels of disaggregation, we construct...

Persistent link: https://www.econbiz.de/10013136834

Lending Relationships in Loan Renegotiation : Evidence from Corporate Loans

Papoutsi, Melina - 2021

This paper presents evidence that personal relationships between corporate borrowers and bank loan officers improve the outcomes of loan renegotiation. Analysing a bank reorganization in Greece in the mid-2010s, I find that firms that experience an exogenous interruption in their loan officer...

Persistent link: https://www.econbiz.de/10013227323

Who Needs Credit and Who Gets Credit in Eastern Europe?

Ongena, Steven - 2013

Based on survey data covering 8,387 firms in 20 countries we compare credit demand and credit supply for firms in Eastern Europe to those for firms in selected Western European countries. We find that firms in Eastern Europe have a higher need for credit than firms in Western Europe, and that a...

Persistent link: https://www.econbiz.de/10013092032

1
2
3
4
5
6
7
8
9
10
Next
Last