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We contribute to the financial constraints literature and the investment-cash flow sensitivity debate by defining a new and simple index of firm level financial constraints for unquoted European SMEs. Firms that are constrained according to our index pay higher interest rates on their debt. An...
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This study investigates the effects of eco-strategies on firm performance in terms of sales growth in an extensive sample of 11,336 small and medium-sized enterprises (SMEs) located in 28 European countries. Our empirical results suggest that not all eco-strategies are positively related to...
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We examine the use of trade credit in Western Europe by relying on a sample of 182,296 small firms for the period 2003 …-2013. Building on information asymmetry theory, we explore how a country’s culture can impact SMEs use of trade credit. We discover … that countries’ cultural norms play a key role in explaining trade credit differences in Europe. We find that in countries …
Persistent link: https://www.econbiz.de/10013219575
The following article investigates the determinants that lead innovative SMEs to collaborate. Data from 36 European countries is analyzed using Panel Data with Fixed Effects, Panel Data with Random Effects, Pooled OLS, WLS and Dynamic Panel models. The analysis shows that the ability of...
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In recent years, the issue of administrative burden on enterprises due to legislation has received much attention. Everywhere it is acknowledged that it is important to reduce and minimize this administrative burden as far as possible, because it hinders the development of enterprises and the...
Persistent link: https://www.econbiz.de/10010188816
In this article we investigate the determinants of SMEs Innovation in Europe. We use data from the European Innovation …
Persistent link: https://www.econbiz.de/10013321466