The vast majority of firms in Europe are micro firms. Still, we know little about their financing patterns. Our paper … aims to close this gap. Based on a large European firm-level data set, we find that micro firms differ in their financing … financing instruments, whereas they are less likely to use state subsidies, trade credit or asset-based financing instruments …

This EIF Working Paper takes a holistic approach to investigate SME financing patterns in Europe by performing a … cluster analysis including 12,726 SMEs in 28 European countries. The results reveal that SME financing in Europe is not … homogenous but that different financing patterns exist. The cluster analysis identifies six distinct SME financing types: mixed …

This paper examines the financing structure of small and medium-sized enterprises (SMEs) in Germany and questions … whether an equity gap - or, more generally, a financing gap -exists. Reviewing the literature and available data sources, we … find that financing constraints seem to affect, if at all, only a very small subgroup among highly growth-oriented firms …

Die krisenbedingten Schwierigkeiten deutscher Unternehmen, Bankkredite zu bekommen, haben die Finanzierung via …