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In 2009, the crisis affected SME’s profitability more than their financial structure. Major differences remain between SMEs, with increasing numbers of failures in this category. The decline in investment, which was already weak before the crisis, is compromising their ability to recover in...
Persistent link: https://www.econbiz.de/10009195482
This paper investigates whether financial obstacles, and, more generally, financial pressure faced by firms, significantly affect firm growth. For this purpose, we use an unbalanced panel of about 1,000,000 observations for around 155,000 non-financial corporations in five euro area countries....
Persistent link: https://www.econbiz.de/10003826608
We examine the link between corporate financing and investment decisions of European firms by using a novel firm-level survey of the European Investment Bank (EIBIS). The survey provides rich quantitative information of a wide range of financing sources and tangible and intangible investment...
Persistent link: https://www.econbiz.de/10011781087
Since 2012, the Banque de France has conducted a new survey on access to bank loans /credit for industrial and service sector SMEs and MTEs. Firms appear to have reduced their demand for bank financing although the supply has not contracted.
Persistent link: https://www.econbiz.de/10010815923
This paper analyzes the main drivers of external competitiveness in times of crisis for small and medium enterprises (SMEs). We focus on the Italian experience in the midst of the financial and sovereign-debt crisis, and present robust evidence based on a comprehensive survey of Italian...
Persistent link: https://www.econbiz.de/10012262437
Following the massive impact of the Covid-19 pandemic on the global economy and on small and medium-sized enterprises (SMEs) in particular, the concept of resilience has experienced a renaissance. As an organizational concept, business model resilience describes the extent to which an...
Persistent link: https://www.econbiz.de/10014495318
This paper analyzes the main drivers of external competitiveness in times of crisis for small and medium enterprises (SMEs). We focus on the Italian experience in the midst of the financial and sovereign-debt crisis, and present robust evidence based on a comprehensive survey of Italian...
Persistent link: https://www.econbiz.de/10012265251
Participation in global value chains (GVCs) can be a pathway for economic development. It is associated with growing productivity, exporting more sophisticated products and a less concentrated export basket (Kowalski et al., 2015). However, it is often argued that these benefits accrue mainly to...
Persistent link: https://www.econbiz.de/10011695368
Following the massive impact of the Covid-19 pandemic on the global economy and on small and medium-sized enterprises (SMEs) in particular, the concept of resilience has experienced a renaissance. As an organizational concept, business model resilience describes the extent to which an...
Persistent link: https://www.econbiz.de/10014325003
Recent research says 20 percent of Korean manufacturers are stalled-growth small and medium enterprises (SMEs), or companies that have been business for at least 20 years but have under 50 employees, with market factors causing 65 percent of such stagnation and the businesses themselves 35...
Persistent link: https://www.econbiz.de/10014263146