This paper reviews the literature on the finance-growth nexus within a neoclassical growth framework, placing an … Agenda. While more research is needed to establish causality and verify the theoretical channels linking access to finance …

Using a novel dataset linking firm level data from the Survey on Access to Finance of Enterprises (SAFE) and bank level … report access to finance as the worst problem and decrease their investment. After controlling for country-sector-time fixed … effects that capture cyclical macroeconomic conditions, effects only remain for firms that need finance. Moreover, we find …

This paper aims at investigating the relationship between firms' profit efficiency, access to finance and innovation … a novel dataset that merges survey-based data derived from the ECB Survey on access to finance for enterprises (SAFE … that easier access to finance is the panacea to get higher profit efficiency …

We present a DSGE model where firms optimally choose among alternative instruments of external finance. The model is … shift from bank finance to bond finance, at a time when the cost of market debt rose above the cost of bank loans. We show … instruments of debt finance are important to shield the economy from adverse real effects of a financial crisis …