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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

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

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

Small business finance in Italy

Guiso, Luigi - In: EIB papers 8 (2003) 2, pp. 121-149

Using survey data on Italian manufacturing firms, this paper examines firms' capital structure and their access to financial debt, notably bank loans. We find that the share of financial debt in total liabilities is, on average, smaller for small firms than for large ones. However, this is not...

Persistent link: https://www.econbiz.de/10011498495

Financing the German Mittelstand

Hommel, Ulrich; Schneider, Hilmar - In: EIB papers 8 (2003) 2, pp. 53-90

Based on a survey conducted among German Mittelstand firms and capital structure data on the Mittelstand, this paper sheds light on the current and future financing situation of the Mittelstand. The paper documents the equity shortage and dependence on bank debt typically associated with the...

Persistent link: https://www.econbiz.de/10011498496

Financing the German Mittelstand

Hommel, Ulrich; Schneider, Hilmar - In: EIB papers 8 (2003) 2, pp. 53-90

Persistent link: https://www.econbiz.de/10001778319