systems provide constrained firms with easier access to external financing. -- Financial constraints ; financial system ; cash …

very reluctant to provide loans and are focusing on the potential risks of financing the switch to renewable energy. At the … should also call for appropriate involvement of the major banks in financing the energy transition in return for implicit …

present microeconometric evidence on the determinants of debt and equity financing in young and innovative SMEs. We pay … special attention to the role of risk for the choice of the financing method. Since risk is not directly observable we use … probability that a young high-tech firm receives equity financing is an increasing function of the financial risk. With regard to …

systems provide constrained firms with easier access to external financing. …