persistent decline in investment. Moreover, the territorial dispute has led to persistent pessimism in these firms' expectations … about future sales, which can explain 60% of the overall decline in investment. …

analysis further identifies sources of financing in these subsectors and discusses future investment and financing challenges …

We assess the impact of credit constraints on investment, inventories and other working capital and firm growth with a … large panel of small and medium-sized enterprises from 12 European countries for the period 2014-2016. The data come from …, as firms with poor investment and growth opportunities may have a higher probability of being credit constrained. We …