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Introducing the topic of SME finance and summarising the main findings of the contributions to this edition of the EIB … Papers, this overview stresses the importance of relationship banking for the supply of SME credit; points out the … little evidence of widespread SME credit rationing, financial market imperfections may nevertheless curb SME growth; and …
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This paper examines whether small and mediumsized enterprises (SMEs) in Europe suffer from a structural financing problem that hinders their growth. To this end, we estimate growth-cashflow sensitivities for firms in different size classes. Our results show that the sensitivity of company growth...
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The precarious employment situation in the EU has given rise to public policies that aim at giving small and medium-sized enterprises (SMEs) better access to finance. SMEs may face difficulties due to information problems and other inefficiencies in loan markets. However, the European evidence...
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outcomes suggest that bank consolidation is not necessarily harmful for SME lending; large banks in the EU devote almost 70% of … foresee a reduction in their SME lending; it is likely that the European banking market will be increasingly dominated by … commercial banks, but this change should neither be seen as a blow to SME bank finance; on the contrary, survey results indicate …
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