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Small and medium-sized enterprises are a centrepiece of Europe's economy. Due to their limited size and their generally lower creditworthiness, their access to financial market instruments is more limited than for large enterprises, which benefit from more elaborate Treasury operations,...
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these companies use external financing sources like debt and equity capital to finance their activities. However, in general …, in the area of SMEs' access to finance, there are market imperfections - not only in times of crisis, but on an on … (entrepreneur) and the supply side (financial intermediary). SMEs' access to finance is often a topic of economic or financial …
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