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, insbesondere für KMU, und (e) die Verknüpfungen zwischen Diversität im Bankensektor (Finanzsektor) und nichtfinanzieller, "realer …
Persistent link: https://www.econbiz.de/10012153580
, bank intermediation dominates. However, fragile, capital-constrained banks also meant a curtailed supply of funds, an issue … especially for bank-dependent small or medium-sized firms (SMEs). Hence, it appears more than evident that easing the access to … euro area economies, those worst hit. There might, however, be structural (economic) reasons why SMEs prefer (local) bank …
Persistent link: https://www.econbiz.de/10012051211
the European Bank for Reconstruction and Development for Kazakhstan, and investigate which strategy contributes more to …
Persistent link: https://www.econbiz.de/10002830780
unique data set from the European Bank for Reconstruction and Development for Kazakhstan, and investigate which strategy …
Persistent link: https://www.econbiz.de/10003952179
it differs from the effect of two other important types of financial investors: banks and non-bank financial firms. We … conclusions. The shareholding by PE and bank has influence on out-performance but only if either the PE investor or the bank hold … between 75 to 100 percent of firm's shares. The direction of the effect is opposite. PE has a positive, while bank has a …
Persistent link: https://www.econbiz.de/10011389270
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...
Persistent link: https://www.econbiz.de/10011451770
. 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 …
Persistent link: https://www.econbiz.de/10011916059
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