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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
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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
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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
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Sovereign stress, unconventional monetary policy, and SME access to finance
Ferrando, Annalisa; Popov, Alexander; Udell, Gregory F. - 2015
Persistent link: https://www.econbiz.de/10011288624
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Market finance as a spare tyre? : corporate investment and access to bank credit in Europe
Andersson, Malin; Maurin, Laurent; Rusinova, Desislava - 2021
We estimate a FAVAR with Bayesian techniques in order to investigate the impact of loan supply conditions on euro area corporate investment and its financing structure. We identify shocks to overall demand and loan supply with sign and impact restrictions. Although tightened financial conditions...
Persistent link: https://www.econbiz.de/10012648857
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Sources of the small firm financing premium : evidence from euro area banks
Holton, Sarah; McCann, Fergal - 2017
The post-2008 period in the euro area was characterised by sharp dispersion in borrowing costs faced by firms, across both countries and firm types. This dispersion was an important manifestation of the financial fragmentation" which hampered the smooth transmission of accommodative monetary...
Persistent link: https://www.econbiz.de/10011697389
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Demand Shocks, Procurement Policies, and the Nature of Medical Innovation : Evidence from Wartime Prosthetic Device Patents
Clemens, Jeffrey - 2020
quantity of medical innovation. Analyzing whether inventions emphasize cost and/or quality requires generating new data. We do …
Persistent link: https://www.econbiz.de/10012479203
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Tracing Sustainability in the Long Run : Genuine Savings Estimates 1850 - 2018
McLaughlin, Eoin; Ducoing, Cristián; Oxley, Les - National Bureau of Economic Research - 2023
We introduce a new database of historical Genuine Savings (GS), an indicator of sustainable development promoted by the World Bank and widely used in contemporary economic research. GS derives from the theoretical work on wealth accounting, and addresses shortcomings in conventional metrics of...
Persistent link: https://www.econbiz.de/10014250172
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Money (Not) to Burn : Payments for Ecosystem Services to Reduce Crop Residue Burning
Jack, B. Kelsey; Jayachandran, Seema; Kala, Namrata; … - National Bureau of Economic Research - 2022
Particulate matter significantly reduces life expectancy in India. We use a randomized controlled trial in the Indian state of Punjab to evaluate the effectiveness of conditional cash transfers (also known as payments for ecosystem services, or PES) in reducing crop residue burning, which is a...
Persistent link: https://www.econbiz.de/10013462738
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The Economics of Biodiversity Loss
Giglio, Stefano; Kuchler, Theresa; Stroebel, Johannes; … - National Bureau of Economic Research - 2024
We explore the economic effects of biodiversity loss by developing an ecologically-founded model that captures how different species interact to deliver the ecosystem services that complement other factors of economic production. Aggregate ecosystem services are produced by combining several...
Persistent link: https://www.econbiz.de/10014635641