Artículo de revista ; According to the analysis conducted in this article, based on individual firms’ balance sheet information, Spanish corporate investment tended to pick up from 2014 and to do so with greater intensity at SMEs than at large corporations, after having contracted more...

Artículo de revista ; This article reports evidence based on firm-level information of the marked deterioration in the economic and financial situation of Spanish companies between 2008 and 2012, which was comparatively sharper in SMEs and in certain sectors such as construction and real...

La epidemia de Covid-19 está teniendo un impacto negativo sin precedentes sobre la actividad económica y, en particular, sobre los ingresos de las empresas, provocando que en algunos casos estos sean insuficientes para hacer frente a los pagos comprometidos. En este documento se presentan los...

En este documento investigamos las características empresariales que están asociadas con la inversión en activos fijos tangibles e intangibles, prestando especial atención al caso de la I+D, y las fuentes de financiación que se utilizan en cada tipo de inversión. Respecto a las...

Artículo de revista ; According to the annual survey of the Central Balance Sheet Data Office (CBA), the activity of non-financial corporations remained on an upward trend in 2018, although it was a more moderate one than in the preceding year. The quarterly survey (CBQ) suggests that this...

Artículo de revista ; According to the Central Balance Sheet Data Office Quarterly Survey, non-financial corporations’ activity lost momentum in 2019, resulting in a slowdown in job creation. However, the high inflow of dividends contributed to an increase in ordinary profit and, as a result,...

Artículo de revista ; The data from the Central Balance Sheet Data Office Quarterly Survey (CBQ) for 2020 Q1 show that the lockdown measures introduced in the context of the COVID-19 health crisis had a sharp adverse impact on the activity of the sample firms in the first quarter of the year....

Artículo de revista ; The Central Balance Sheet Data Office Quarterly Survey (CBQ) data for 2020 H1 show that the lockdown measures introduced in the context of the COVID-19 health crisis had a sharp adverse impact on activity, albeit with notable differences across the sample firms. This led...

Artículo de revista ; The latest Bank Lending Survey results show a widespread contraction of credit supply both in Spain and in the euro area in 2020 Q3, which would be linked to increased risk perception. On the demand side, demand from firms fell in both Spain and the euro area following the...

Summary of Banco de España Occasional Paper no. 2020