This paper examines the financing structure of small and medium-sized enterprises (SMEs) in Germany and questions … whether an equity gap - or, more generally, a financing gap -exists. Reviewing the literature and available data sources, we … find that financing constraints seem to affect, if at all, only a very small subgroup among highly growth-oriented firms …

Purpose – The purpose of this paper is to discuss important aspects concerned with credit risk measurement of SMEs …

In this paper, we explore the link between SME investment, firm economic characteristics, and the presence of financing … obtained show the presence of financing constraints. We find evidence of both internal and external finance constraints …

constraints matter for small businesses. They gain financing through targeted lending programs but in doing so, distort their …

deficits but turn to equity when external financing needs are large. Even though informational asymmetry has been reduced, IPO …

. Implicit borrowing in trade finance allows financially constrained firms to bridge the financing gap, expand employment by 8 … environment that promotes trade credit flows among firms as a second-best alternative to bank financing. …