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Is it Beneficial to Be Included in a Sustainability Stock Index? A Panel Data Study for European Firms
Ziegler, Andreas - 2014
This paper empirically examines the effect of the inclusion in one of the most prominent sustainability stock indexes, namely the Dow Jones Sustainability World Index (DJSI World), on corporate financial performance. On the basis of panel data for European firms that were included in the Dow...
Persistent link: https://www.econbiz.de/10013070646
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Finance access of SMEs : what role for the ECB?
Belke, Ansgar - 2013
Small and medium size enterprises (SMEs) of southern euro-area economies (e.g. Italy, Spain) pay significantly higher borrowing rates than their peers of the core (e.g. Germany, France) and this divergence is widening. It is argued that severe market failures prevent SMEs in southern euro area...
Persistent link: https://www.econbiz.de/10010255130
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Finance access of SMEs : what role for the ECB?
Belke, Ansgar - 2013
Kleine und mittlere Unternehmen (KMU) in südlichen Euro-Volkswirtschaften wie Italien und Spanien zahlen seit längerem … immer größer. Es wird häufig argumentiert, dass ein gravierendes Marktversagen den Zugang der KMU in südlichen Ländern zu … Verbesserung des Finanzmarktzugangs für KMU, die sowohl den EU-Institutionen als auch der EZB im Rahmen ihres Mandats zur Sicherung …
Persistent link: https://www.econbiz.de/10009779172
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The real effects of EU loan guarantee schemes for SMEs: a pan-European assessment
Brault, Julien; Signore, Simone - 2019
This paper provides a pan-European assessment of EU credit guarantees to SMEs. Synthesizing past research, it investigates the firm-level economic impact of over 360,000 guaranteed loans under the EU MAP and CIP programmes from 2002 to 2016. These loans represented a total amount of EUR 22bn...
Persistent link: https://www.econbiz.de/10012021696
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Mutual Guarantee Institutions and Small Business Finance
Columba, Francesco - 2009
A large literature showed that small firms experience difficulties in accessing the credit market due to informational asymmetries; these may be mitigated by collateral or relationship lending, possibilities often precluded to small business. We investigate the effect on small business finance...
Persistent link: https://www.econbiz.de/10013159734
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SME Growth, Financing Constraints, and Corruption : Evidence from Transition Economies
Ullah, Barkat - 2019
In this study, using a unique firm-level survey database, I investigate which firm constraints in the business environment directly affect growth for over 15,000 mostly small- and medium-sized firms in 30 Eastern European and Central Asian countries. I also examine how financing constraints...
Persistent link: https://www.econbiz.de/10012895967
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Collaborative Value Chain Financing : The Case of Working Capital Management for SMEs
Ashraf, Dawood - 2020
/supplier, bank, and SME/buyer collaborate for their mutual benefit. Under the CVCF approach, all parties involved in the transaction … engage in risk-taking. The supplier provides the necessary materials to the SME for sale or further value addition while the …
Persistent link: https://www.econbiz.de/10012831852
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Access to finance in the Western Balkans
Moder, Isabella; Bonifai, Niccolò - 2017
Limited access to finance is one of the main obstacles for firms located in the Western Balkans and hampers economic growth as well as the transmission of monetary policy. The aim of this paper is to undertake an in-depth analysis of access to finance constraints in this region, where countries...
Persistent link: https://www.econbiz.de/10011732718
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SMEs, Financial Constraints and Growth
Banerjee, Ryan - 2015
The SME sector is often hailed as an important engine of economic growth. But recent research suggests that young …
Persistent link: https://www.econbiz.de/10013031307
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Mutual Guarantee Institutions and Small Business Finance
Columba, Francesco - 2010
A large body of literature has shown that small firms experience difficulties in accessing the credit market due to informational asymmetries. Banks can overcome these asymmetries through relationship lending, or at least mitigate their effects by asking for collateral. Small firms, especially...
Persistent link: https://www.econbiz.de/10013143714