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the euro area. Using firm‐level survey data on SME financing conditions, we show that an increase in securitization … issuance reduces the probability of SMEs facing credit constraints and decreases the costs of bank financing for nonconstrained …
Persistent link: https://www.econbiz.de/10012915560
After the global financial crisis and during the European sovereign debt crisis, bank lending to companies in the euro …’s quantitative easing programme in early 2015 that bank lending improved sustainably. The study analyses the impact of the ECB …’s Public Sector Purchase Programme (PSPP) on the access to finance of small and medium sized enterprises (SME) using firm …
Persistent link: https://www.econbiz.de/10011977350
After the global financial crisis and during the European sovereign debt crisis, bank lending to companies in the euro … Central Bank (ECB) quantitative easing programme in early 2015 that bank lending improved sustainably. This study analyses the …
Persistent link: https://www.econbiz.de/10011970956
Traditionally patents are seen as the gold standard for intellectual property protection. But, in line with empirical findings that secrecy is considered more important for appropriating returns, recent theories predict that firms keep their most important inventions secret. This article...
Persistent link: https://www.econbiz.de/10009528879
how the transmission depends on bank balance sheets, and how this changes once policy rates become negative. We review the …
Persistent link: https://www.econbiz.de/10012518247
We investigate whether European banks adjust their loan prices and volumes of new lending in the months running up to major national elections. Using a unique dataset that draws on data covering some 250 banksin 19 Eurozone countries from 2010 to 2020 at monthly frequency, and that includes...
Persistent link: https://www.econbiz.de/10014481038
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Persistent link: https://www.econbiz.de/10012098206
This article uses European Central Bank (ECB) survey data to assess whether gender matters in the small firms … difficulty in accessing bank finance: on the demand side, they apply for bank loans less frequently, as they more often … of gender discrimination appears in the supply of bank loans in Germany, Italy, and Spain, while some demand obstacles …
Persistent link: https://www.econbiz.de/10011397650
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