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A kis- és középvállalkozások növekedését meghatározó tényezők : a különböző finanszírozási formák hatása a vállalati növekedésre

Antal-Pomázi, Krisztina - 2011

The study provides a brief summary of the theoretical and empirical considerations related to the possible determinants of firm growth. With a special focus on small and medium-sized firms, we investigate the role of the availability of internal and external finance. After examining the key...

Persistent link: https://www.econbiz.de/10008904618

Leasing by small enterprises

Neuberger, Doris; Räthke-Döppner, Solvig - 2012

increase their debt capacity. Beyond contract- and firm-specific characteristics, demographic and socio … young firms use leasing to increase their debt capacity. These results are important for aging populations where the …

Persistent link: https://www.econbiz.de/10009554230

Equity gap? - which equity gap? : on the financing structure of Germany's Mittelstand

Bannier, Christina E. (contributor); … - 2008

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...

Persistent link: https://www.econbiz.de/10003785483

Regional financial system and the financial structure of small firms

Mahagaonkar, Prashanth; Chaudhuri, Swayan - 2009

heavily reliant on internal finance and the quantity and price channels are expected to drive usage of debt. Our findings on … in their region. These results point out that semi-local and national institutions tend to drive away usage of debt due … to monitoring costs or credit rationing, while very local institutions increase the usage of debt through quantity or …

Persistent link: https://www.econbiz.de/10003809916

Finanzierungsstrukturen und -strategien kleiner und mittlerer Unternehmen : eine Bestandsaufnahme

Pahnke, André; Schröder, Christian; Leonhardt, Fabian; … - 2015

of funding, the results show that bank borrowings are still the most important source of debt financing. However …, retention of earnings gains in importance for German SMEs in comparison to debt financing. …

Persistent link: https://www.econbiz.de/10011417145

The impact of exporting on SME capital structure and debt maturity choices

Maes, Elisabeth; Dewaelheyns, Nico; Fuss, Catherine; … - 2016

Persistent link: https://www.econbiz.de/10011562542

Do financing conditions pose a threat to the performance and transformation of SMEs?

Ferrando, Annalisa; Pál, Rozália - 2024

The availability of internal and external financing sources significantly influences firms' investments and growth. Even profitable firms with ample financing in normal times can be adversely affected by demand and supply shocks such as the COVID-19 pandemic, the energy crisis, or the recent...

Persistent link: https://www.econbiz.de/10015154437

How credit constrained are family-owned SMEs in Arab countries?

Gourène, Grakolet Arnold Zamereith; Brixiova, Zuzana; … - 2024

Family-owned firms account for majority of small and medium-sized enterprises (SMEs) in Arab countries, but evidence on the impact of this ownership type on access to credit in the region is scarce. Yet the issue is key for understanding barriers to the emergence of dynamic private sector and...

Persistent link: https://www.econbiz.de/10015163047

Financing, ownership, and performance : a novel, longitudinal firm-level database

Brown, J. David; Davis, Steven J.; Foster, Lucia; … - 2024

The Census Bureau's Longitudinal Business Database (LBD) underpins many studies of firm-level behavior. It tracks longitudinally all employers in the nonfarm private sector but lacks information about business financing and owner characteristics. We address this shortcoming by linking LBD...

Persistent link: https://www.econbiz.de/10015144123

The importance of equity finance for R&D activity : are there differences between young and old companies?

Mueller, Elisabeth; Zimmermann, Volker - 2006

This paper analyzes the importance of equity finance for the R&D activity of small and medium-sized enterprises. We use information on almost 6000 German SMEs from a company survey. Using the intensity of banking competition at the district level as instrument to control for endogeneity, we find...

Persistent link: https://www.econbiz.de/10010365872