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Financing patterns of European SMEs revisited : an updated empirical taxonomy and determinants of SME financing clusters

Masiak, Christian; Moritz, Alexandra; Lang, Frank - 2017

This EIF Working Paper investigates financing patterns of European SMEs by looking at a large number of different … of SMEs. Our results confirm the results of Moritz et al. (2016) and show that European SME financing is not homogenous … the financing instruments used: mixed-financed SMEs with focus on other loans, mixed-financed SMEs with focus on retained …

Persistent link: https://www.econbiz.de/10011861055

The Effects of Financial Support Policies on Corporate Decisions by SMEs

Nam, Changwoo - 2016

This paper investigates the effectiveness of public credit guarantee programs and interest-support programs for SMEs … analyze how SME support financial programs affect the corporate decisions made by SMEs with regard to default or loan sizes … guarantee on SMEs' productivity, profitability, and growth potential decrease with the ratio of guaranteed debt to the total …

Persistent link: https://www.econbiz.de/10012981373

Blockchain for SME Finance : Call for Empirical Testing

Yesseleva-Pionka, Mariya - 2021

For many countries worldwide, small and medium enterprises (SMEs) are the backbones of their economy, more than half of … the overall world population is working for SMEs. Historically, research studies on SME lending have emphasised that SMEs …-managed and privately owned. Distributed Ledger Technology (DLT), also known as a blockchain, opens new opportunities to SMEs. It …

Persistent link: https://www.econbiz.de/10013230875

The formalization of banking supervision : a comparison between Japan and Sweden

Hotori, Eiji; Wendschlag, Mikael - 2018

This study examines the formalization of banking supervision in Japan and Sweden that occurred in the decades around 1900. Using an incremental change approach, the respective cases are traced and examined from three dimensions: 1) the legal framework, 2) the banking supervisory agency, and 3)...

Persistent link: https://www.econbiz.de/10011893069

Households' Foreign Currency Borrowing in Central and Eastern Europe

Fidrmuc, Jarko; Hake, Mariya; Stix, Helmut - 2011

Foreign currency loans represent an important feature of recent financial developments in CEECs. This might pose a serious challenge for macroeconomic stability. Against this background, the authors study the determinants of foreign currency loans of households, using data on the behavior of...

Persistent link: https://www.econbiz.de/10013370088

Credit Risk Measurement and the Regulation of Bank Capital and Provision Requirements in Brazil - a Corporate Analysis

Schechtman, Ricardo - 2006

The new Basel II Capital Accord has demanded a lot of attention from regulatory and regulated entities due to its innovations in determining capital requirements, particularly in the area of credit risk. This paper simulates the application of Basel II IRB foundation approach for the computation...

Persistent link: https://www.econbiz.de/10012732907

Asymmetric-Information and Principal-Agent Problems as Sources of Value in Fslic-Assisted Acquisitions of Insolvent Thrifts

Cole, Rebel A. - 2008

This study uses a two-factor market-model to estimate excess returns around 43 announcements of FSLIC-assisted thrift mergers and 66 announcements of unassisted thrift mergers. These estimated excess returns are then used to test hypotheses about asymmetric-information and principal-agent...

Persistent link: https://www.econbiz.de/10012768400

When are Thrifts Closed? An Agency-Theoretic Model

Cole, Rebel A. - 2008

This article examines the determinants of both book-value insolvency and regulatory closure in the thrift industry. Agency theory suggests that the determinants of insolvency and closure are a function of conflicts between shareholders and creditors, shareholders and managers, and regulators and...

Persistent link: https://www.econbiz.de/10012768401

Integrating with Their Feet : Cross-Border Lending at the German-Austrian Border

Fidrmuc, Jarko; Hainz, Christa - 2021

show that distance matters for cross-border lending, especially for the SMEs. In contrast to the policy of harmonization …

Persistent link: https://www.econbiz.de/10013316544

Households’ Foreign Currency Borrowing in Central and Eastern Europe

Fidrmuc, Jarko; Hake, Mariya; Stix, Helmut - Oesterreichische Nationalbank - 2011

Persistent link: https://www.econbiz.de/10009322922