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Blockchain for SME Finance : Call for Empirical Testing
Yesseleva-Pionka, Mariya - 2021
the overall world population is working for SMEs. Historically, research studies on SME lending have emphasised that SMEs …
Persistent link: https://www.econbiz.de/10013230875
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Financing technology-based small firms in Europe : a review of the empirical evidence
Revest, Valérie; Sapio, Sandro - 2009
This paper reviews the evidence on financing technology-based small firms (TBSFs) in Europe. The main findings in the literature are the 1) European TBSF's finance new investments by relying primarily on internal funds, due to capital market failures induced by asymmetric information; 2)...
Persistent link: https://www.econbiz.de/10008729547
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The differences in the impact of entrepreneurial abilities of various European SMEs on their financial risk perceptions
Civelek, Mehmet; Durda, Lukáš; Vincúrová, Zuzana; … - In: Entrepreneurial business and economics review : EBER 10 (2022) 4, pp. 107-124
prospective readers such as policymakers, academicians, and SME owners. …
Persistent link: https://www.econbiz.de/10014231712
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Financing patterns of European SMEs revisited : an updated empirical taxonomy and determinants of SME financing clusters
Masiak, Christian; Moritz, Alexandra; Lang, Frank - 2017
empirical taxonomy of SME financing patterns in Europe, applying cluster analyses. In order to investigate the cluster stability … of SMEs. Our results confirm the results of Moritz et al. (2016) and show that European SME financing is not homogenous …, but that different financing patterns exist. Our cluster analysis identifies seven distinct SME financing types based on …
Persistent link: https://www.econbiz.de/10011861055
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Access to funds : how could CMU support SME financing?
Kraemer-Eis, Helmut; Lang, Frank - In: Vierteljahrshefte zur Wirtschaftsforschung 86 (2017) 1, pp. 95-110
European economy-the SMEs. The CMU aims at improving the framework conditions for SME financing, at strengthening bank lending …-for various financial instruments from debt to equity. This article explains the SME financing-related objectives of the CMU by … mittlere Unternehmen (KMU), des sogenannten Rückgrats der europäischen Wirtschaft, zu erleichtern und zu erweitern. Die …
Persistent link: https://www.econbiz.de/10011916040
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What finance for what investment? : survey-based evidence for European companies
Ferrando, Annalisa; Preuss, Carsten - 2018
We examine the link between corporate financing and investment decisions of European firms by using a novel firm-level survey of the European Investment Bank (EIBIS). The survey provides rich quantitative information of a wide range of financing sources and tangible and intangible investment...
Persistent link: https://www.econbiz.de/10011781087
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Comparative study of the relevance of equity financing in European SMEs
Wieczorek-Kosmala, Monika; Błach, Joanna; Trzęsiok, Joanna - In: Journal of business economics and management 21 (2020) 6, pp. 1543-1560
This paper contributes to the academic debate on the pecking order theory and SMEs equity financing, in this equity financing gap. In order to address this problem, this study relies on the empirical design that is driven by the premises of the pecking order theory and distinguishes between the...
Persistent link: https://www.econbiz.de/10012505322
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Discouraged Borrowers : Evidence for Eurozone SME's
Mac an Bhaird, Ciaran - 2019
This study examines the decision by firm owners not to apply for intermediated debt due to a perception that their application will be rejected for a sample of small firms in 9 European countries - these are “discouraged” borrowers. Compared with firms that applied for bank loans,...
Persistent link: https://www.econbiz.de/10012903449
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Sources of the small firm financing premium : evidence from euro area banks
Holton, Sarah; McCann, Fergal - 2017
The post-2008 period in the euro area was characterised by sharp dispersion in borrowing costs faced by firms, across both countries and firm types. This dispersion was an important manifestation of the financial fragmentation" which hampered the smooth transmission of accommodative monetary...
Persistent link: https://www.econbiz.de/10011697389
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Finance access of SMEs : what role for the ECB?
Belke, Ansgar - 2013
Kleine und mittlere Unternehmen (KMU) in südlichen Euro-Volkswirtschaften wie Italien und Spanien zahlen seit längerem … immer größer. Es wird häufig argumentiert, dass ein gravierendes Marktversagen den Zugang der KMU in südlichen Ländern zu … Verbesserung des Finanzmarktzugangs für KMU, die sowohl den EU-Institutionen als auch der EZB im Rahmen ihres Mandats zur Sicherung …
Persistent link: https://www.econbiz.de/10009779172