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. Scholars identify difficulties in the financial sphere as the main causes of SME mortality. Such problems do not allow them to … tools, particularly equity crowdfunding, contribute to the SME dimension. The work outlines the main development factors …
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The article contributes to the literature on financial fragility, studying how macro-economic shocks affect supply and demand in the corporate debt market. We take into account the effect of the competitive environment, as well as the risk level, measured by companies' default rate. The model is...
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