finance on credit markets. Special emphasis is put on small and medium-sized firms as these are assumed to face more …

obtained show the presence of financing constraints. We find evidence of both internal and external finance constraints …

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 …

to expand output and exploit all scale economies that the production technology allows. With access to finance problems …