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Guarantee banks backed by the state aim to close the gap in the financing of small and medium-sized enterprises or start-ups caused by lacking collateral or equity and high information asymmetry. The present study quantifies the economic and fiscal net benefits of guarantee banks in the new...
Persistent link: https://www.econbiz.de/10011701532
increase their debt capacity. Beyond contract- and firm-specific characteristics, demographic and socio … young firms use leasing to increase their debt capacity. These results are important for aging populations where the …
Persistent link: https://www.econbiz.de/10009554230
The present paper investigates the number of bank relationships of small and medium-sized enterprises in Switzerland using survey data from 1996 and 2002. We differentiate between overall bank relationships and lending relationships and disaggregate the loan market with respect to firm sizes,...
Persistent link: https://www.econbiz.de/10003883962
Für den wirtschaftlichen Aufholprozeß der neuen Bundesländer nach der Vereinigung Deutschlands spielt die Finanzierung kleiner und mittelständischer Unternehmen (KMU) eine Schlüsselrolle. Die deutschen Banken sehen sich oft dem Vorwurf ausgesetzt, bei der Kreditvergabe an diese Unternehmen...
Persistent link: https://www.econbiz.de/10011540774
firms in 2007. We find positive effects on firm growth, employment and financing, which are likely to have a large leverage …
Persistent link: https://www.econbiz.de/10003886244
To sustain growth in an aging economy, it is important to ease the financing of small firms by bank loans. Using bank internal data of small business loans in Germany, we examine the determinants of loan rates in the period 1995-2010. Beyond characteristics of the firm, the loan contract, and...
Persistent link: https://www.econbiz.de/10010240075