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We examine the link between corporate financing and investment decisions of European firms by using a novel firm …-level survey of the European Investment Bank (EIBIS). The survey provides rich quantitative information of a wide range of … financing sources and tangible and intangible investment types for a representative sample of EU28 firms in 2016. We provide new …
Persistent link: https://www.econbiz.de/10011781087
firm level investment and high-frequency identified monetary policy shocks. We show that the reaction of firms' investment …
Persistent link: https://www.econbiz.de/10012197861
We study the relationship between net trade credit and firms' investment levels, focusing on financially distressed …
Persistent link: https://www.econbiz.de/10011820889
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This paper investigates the financing conditions of non-financial corporations in the euro area. We develop a new firm classification based on micro data by distinguishing between three groups of firms: unconstrained, relatively and absolutely constrained firms. We also provide further evidence...
Persistent link: https://www.econbiz.de/10003337260
This paper analyses the impact that firms' financial position has on investment decisions using panel data from a large … pressure appears relevant in explaining investment dynamics when it is proxied by cash flow, indebtedness and debt burden. The … results also show differences in the sensitivity of investment rates to changes in financial pressure across countries, which …
Persistent link: https://www.econbiz.de/10003790950
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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