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COVID-19 and SMEs : a 2021 "time bomb"?
Gourinchas, Pierre-Olivier; Kalemli-Ozcan, Sebnem; … - 2021
This paper assesses the prospects of a 2021 time bomb in small and medium-sized enterprises (SME) failures triggered by the generous support policies enacted during the 2020 COVID-19 crisis. Policies implemented in 2020, on their own, do not create a 2021 time bomb for SMEs. Rather, business...
Persistent link: https://www.econbiz.de/10012425090
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Firm Dynamics by Age and Size Classes and the Choice of Size Measure
Giannoulakis, Stylianos; Sakellaris, Plutarchos - 2021
The relationship of firm size and age to its growth and survival differs according to whether size is measured by sales or employment. Using a large and representative dataset of Greek firms over the period 1999-2014, we find the following patterns. Controlling for age, there is a strong...
Persistent link: https://www.econbiz.de/10013249320
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The Impact of Uncertainty Shocks on the Investment of Small and Large Firms : Micro Evidence and Macro Implications
Kim, Junhyong - 2021
This paper investigates how cross-sectional micro-uncertainty influences the investment of small and large firms and discusses the aggregate implications of the heterogeneity in their investment decisions. Empirically, we find that large firms show less investment decline in times of heightened...
Persistent link: https://www.econbiz.de/10013323777
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The behavior of small and large firms during business cycle episodes and during monetary policy episodes : a comparison of earlier and recent periods
Yu, Sung-Eun - 2017
Post-1990 periods. First, I find that a monetary shock and an NBER recession shock differently affect firms' short …-term financing behavior. During recent periods, after a contractionary monetary shock, large firms increase their short-term debt … more than small firms, whereas after an NBER recession shock, large firms decrease most balance sheet variables (including …
Persistent link: https://www.econbiz.de/10011590970
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Economic efficiency of Greek retail SMEs in a period of high fluctuations in economic activity : a DEA approach
Balios, Dimitris; Eriotis, Nikolaos; Fragoudaki, Alexandra - In: Applied economics 47 (2015) 31/33, pp. 3577-3593
Persistent link: https://www.econbiz.de/10011293505
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Firm shutdown during the financial and the sovereign debt crises : empirical evidence from Portugal
Ferreira, Priscila; Saridakis, George - In: International journal of the economics of business 24 (2017) 2, pp. 153-179
Persistent link: https://www.econbiz.de/10011755499
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Revisiting Gertler-Gilchrist Evidence on the Behavior of Small and Large Firms
Kudlyak, Marianna - 2019
takes for large firms’ debt to reach its post-shock trough. Our findings challenge the view that propagation of shocks in …
Persistent link: https://www.econbiz.de/10012903444
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Revisiting Gertler-Gilchrist Evidence on the Behavior of Small and Large Firms
Kudlyak, Marianna - 2016
takes for large firms' debt to reach its post-shock trough. Our findings challenge the view that propagation of shocks in …
Persistent link: https://www.econbiz.de/10012994616
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Funding vs. Real Economy Shock : The Impact of the 2007-2009 Crisis on Small Firms'Credit Availability
Berg, Gunhild - 2017
domestic demand. Therefore, a pure supply side shock con be contrasted with a real economy shock that hit exactly when the bank …'s funding position strengthened again. The paper finds that during the funding shock (potential) borrowers are discouraged from … shock, in contrast, reduces the approval likelihood for SME loans in particular, while agro and micro loans are considerably …
Persistent link: https://www.econbiz.de/10012975306
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Collateral versus Lending Relationships : shocks to small business credit in the Great Recession
Patnaik, Megha - 2022
Persistent link: https://www.econbiz.de/10012806550