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This study examines the actual funding behavior of German innovative firms in the pre- and post-crisis period. Specifically, we investigate if and how the funding patterns and financial constraints of German small and medium enterprises (SME) changed during and since the financial crisis. The...
Persistent link: https://www.econbiz.de/10011916059
performance levels. The capital structure of Austrian SMEs are biased towards debt-financing and stronger equity, growth and …
Persistent link: https://www.econbiz.de/10012203255
SMEs. Results obtained from a system GMM estimation method show that the leverage ratio is negatively affected by export … intensity. We document that firms with more growth opportunities have a higher leverage, while firms that have more profits …, higher asset tangibility and face higher business risk have lower debt ratios. Our results also show that the implementation …
Persistent link: https://www.econbiz.de/10012849809
issuer firms expand their total assets and fixed assets, and also raise their leverage …
Persistent link: https://www.econbiz.de/10012614108
We study the delivery of subsidized financing to small firms through the Paycheck Protection Program (PPP). Smaller firms are less likely to gain early PPP access, an effect attenuated in small banks and firms with prior lending relationships. Their more even treatment offers a new rationale,...
Persistent link: https://www.econbiz.de/10013224246
their leverage …
Persistent link: https://www.econbiz.de/10012419623
One of the major issues for SME development has been access to finance. This paper examines the current state of SME development and financing in Kazakhstan. It also examines the current state of the development of value chains and discusses barriers for agriculture value chain financing. The...
Persistent link: https://www.econbiz.de/10012113904
The main objective of this paper is to understand how the changes in the macroeconomic conditions (the global financial crisis) relate to the investment and financial decision-making for each of the different size categories of SMEs. To do so, we use a large dataset of 764,963 observations in...
Persistent link: https://www.econbiz.de/10011804488
-post performance, we find that issuer firms expand their total assets and fixed assets, and also raise their leverage. …
Persistent link: https://www.econbiz.de/10012390449
This study examines the relationship between access to finance and growth in sales for Micro, Small, and Medium Enterprises (MSMEs) in Iran. Using data from 486 firms in five provinces, our findings indicate that external financing positively impacts sales growth for MSMEs. The results suggest...
Persistent link: https://www.econbiz.de/10014245441