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Financial theory creates a puzzle. Some authors argue that high-risk entrepreneurs choose debt contracts instead of equity contracts since risky but high returns are of relatively more value for a loan-financed firm. Conversely, authors who focus explicitly on start-up finance predict that...
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. Specifically, we investigate if and how the funding patterns and financial constraints of German small and medium enterprises (SME … mittleren Unternehmen (KMU) seit der Finanzkrise verändert haben. Der Zweck unserer Analyse ist es, zu beurteilen, ob die Ziele … Finanzierungssituation von deutschen KMU tatsächlich verbessern kann. Wir finden über den Untersuchungszeitraum hinweg stabile …
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Competition is claimed to be beneficial in development projects promoting micro and small enterprise finance although there are still some doubts whether these loans can be developed into a profitable business. Actually nothing is known about how many MSE banking units optimally should be...
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Competition is claimed to be beneficial in development projects promoting micro and small enterprise finance although there are still doubts as to whether these loans can be developed into a profitable business. Our research sheds new light on the question of how many MSE banking units should...
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