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How well do European loan markets work? : some insights from the financial structure of SMEs in three countries

Wagenvoort, Rien; Hurst, Christopher - In: EIB papers 4 (1999) 2, pp. 64-86

The precarious employment situation in the EU has given rise to public policies that aim at giving small and medium-sized enterprises (SMEs) better access to finance. SMEs may face difficulties due to information problems and other inefficiencies in loan markets. However, the European evidence...

Persistent link: https://www.econbiz.de/10011502820

Do Financial Frictions Explain Chinese Firms’ Saving and Misallocation?

Bai, Yan - 2018

We use firm-level data to identify financial frictions in China and explore the extent to which they can explain firms' saving and capital misallocation. We first document the features of the data in terms of firm dynamics and debt financing. State-owned firms have higher leverage and pay much...

Persistent link: https://www.econbiz.de/10012453278

SME finance in Europe : introduction and overview

Wagenvoort, Rien - In: EIB papers 8 (2003) 2, pp. 11-20

Introducing the topic of SME finance and summarising the main findings of the contributions to this edition of the EIB … Papers, this overview stresses the importance of relationship banking for the supply of SME credit; points out the … little evidence of widespread SME credit rationing, financial market imperfections may nevertheless curb SME growth; and …

Persistent link: https://www.econbiz.de/10011498513

Are finance constraints hindering the growth of SMEs in Europe?

Wagenvoort, Rien - In: EIB papers 8 (2003) 2, pp. 23-50

This paper examines whether small and mediumsized enterprises (SMEs) in Europe suffer from a structural financing problem that hinders their growth. To this end, we estimate growth-cashflow sensitivities for firms in different size classes. Our results show that the sensitivity of company growth...

Persistent link: https://www.econbiz.de/10011498540

SME finance in Europe : introduction and overview

Wagenvoort, Rien - In: EIB papers 8 (2003) 2, pp. 11-20

Persistent link: https://www.econbiz.de/10001778316

Are finance constraints hindering the growth of SMEs in Europe?

Wagenvoort, Rien - In: EIB papers 8 (2003) 2, pp. 23-50

Persistent link: https://www.econbiz.de/10001778318

The financing of small and medium-sized enterprises

2003

Persistent link: https://www.econbiz.de/10001773946

Firms’ Management of Infrequent Shocks

Collier, Benjamin L. - 2016

We examine businesses' financial management of a rare, severe event using detailed firm-level data collected following Hurricane Sandy in the New York area. Credit played a prominent role in financing recovery; more negatively affected firms took on debt because of Sandy (38%) than received...

Persistent link: https://www.econbiz.de/10012456067

What Predicts the Growth of Small Firms?$bEvidence from Tanzanian Commercial Loan Data

Ellis, Mia; Kinnan, Cynthia; McMillan, Margaret Stokes; … - National Bureau of Economic Research - 2023

Not all firms have equal capacity to absorb productive credit. Identifying those with higher potential may have large consequences for productivity. We collect detailed survey data on small- and medium-sized Tanzanian firms who borrow from a large commercial bank, which in turn raises funds via...

Persistent link: https://www.econbiz.de/10014337852

Financing small businesses in France

Dietsch, Michel - In: EIB papers 8 (2003) 2, pp. 93-119

France, that the current Basel II proposal would result in lower capital charges on SME loans due to portfolio …: capital charges could be even lower if they were based on our estimates of SME loan portfolio risk. Overall, in France, credit … rationing of SMEs does not seem to be a serious problem and Basel II is unlikely to hold back SME lending. …

Persistent link: https://www.econbiz.de/10011498491

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