Narrow search
Showing 1 - 10 of 3,744
Cover Image
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
Cover Image
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
Cover Image
Financing obstacles among euro area firms : who suffers the most?
Ferrando, Annalisa; Griesshaber, Nicolas - 2011
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/10008901467
Cover Image
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
Cover Image
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
Cover Image
Determinants of firms' efficiency: do innovations and finance constraints matter? : the case of European SMEs
Bonanno, Graziella; Ferrando, Annalisa; Rossi, Stefania - 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/10012241105
Cover Image
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
Cover Image
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
Cover Image
Identifying financial constraints
Cherchye, Laurens; Rock, Bram de; Ferrando, Annalisa; … - 2020
We propose a new methodology to recover firm-time varying financial constraints from firms' production behavior. We model financial constraints as the profitability that firms forgo when budget constraints on production inputs bind, impeding them from using the optimal level of inputs and...
Persistent link: https://www.econbiz.de/10012241106
Cover Image
Decentralization and governance in Europe : evidence from different expenditure components
Kyriacou, Andreas P.; Roca Sagalés, Oriol - 2018
Persistent link: https://www.econbiz.de/10011880388