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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
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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
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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
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The financing of small and medium-sized enterprises
2003
Persistent link: https://www.econbiz.de/10001773946
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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
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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
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The role of patents and licenses in securing external finance for innovation
Harhoff, Dietmar - In: EIB papers 14 (2009) 2, pp. 74-97
Financing constraints have been discussed as a major obstacle to innovation. Small and mediumsized enterprises and start-ups are particularly concerned by such impediments. Venture capital has emerged as a partial solution in some countries, but is only available for start-up firms with major...
Persistent link: https://www.econbiz.de/10011497055
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The role of patents and licenses in securing external finance for innovation
Harhoff, Dietmar - In: EIB papers 14 (2009) 2, pp. 74-97
Persistent link: https://www.econbiz.de/10003932570
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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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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