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of these enterprises is their difficulty in accessing finance from banks and other financial institutions. The Credit … is a credit guarantee program initiated by the Bangko Sentral ng Pilipinas that enables enterprises and cooperatives to …
Persistent link: https://www.econbiz.de/10011522092
more vulnerable to market imperfection. To alleviate SMEs' financial constraints, Public Credit Guarantee Schemes (CGSs … that an SME tends to use equity financing first when it faces much severer financial constraint, then the SME issues more …
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This study examines the consequences of loan denials for the investment performance of small and medium-sized German enterprises. As a consequence of a loan denial, innovative companies experience a smaller drop in the share of actual to planned investment than non-innovative companies. The...
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This study addresses the relationship between product innovation and the demand and supply of trade credit. Theoretical … credit demand and supply. Using a sample covering SMEs from 24 European countries this relationship is tested empirically … of trade credit for SMEs. Innovative firms have a higher probability to face credit constraints and therefore have a …
Persistent link: https://www.econbiz.de/10010338387
In this paper we analyze the access to credit of innovative firms on the price and non-price dimensions of bank lending … in innovative processes. Further, innovative firms have a lower probability of being credit rationed than their non …
Persistent link: https://www.econbiz.de/10010419911
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