Narrow search
Showing 1 - 10 of 19,924
Cover Image
What if firms could borrow more? : evidence from a natural experiment
Brown, James R.; Martinsson, Gustav; Thomann, Christian - 2015
We study the effects of a unique lending program initiated by the Swedish government at the height of the financial crisis that allowed firms to suspend payment of all labor-related taxes and fees. Comprehensive administrative data on all Swedish firms show that firms borrowing from the program...
Persistent link: https://www.econbiz.de/10011300345
Cover Image
Bank credit supply and firm innovation
Giebel, Marek; Kraft, Kornelius - 2018
We analyze the causal effect of the credit supply shock to banks induced by interbank market disruptions in the recent financial crisis 2008/2009 on their business customers’ innovation activity. Using a matched bank-firm data set for Germany, we find that having relations with a more severely...
Persistent link: https://www.econbiz.de/10011798962
Cover Image
SME and entrepreneurship financing : the role of credit guarantee schemes and mutual guarantee societies in supporting finance for small and medium-sized enterprises
Cusmano, Lucia - 2018
Credit Guarantee Schemes (CGSs) are a widely used policy tool to ease access to finance by SMEs, which, in some countries, ramped up in the aftermath of the 2008-09 financial crisis. The present study aims to improve understanding about the role, impact and sustainability of CGSs, by...
Persistent link: https://www.econbiz.de/10011876988
Cover Image
Finance access of SMEs : what role for the ECB?
Belke, Ansgar - 2013
sceptical about a stronger involvement of the ECB in the (indirect) financing of SMEs through the securitisation of banks … skeptisch gegenüber einer (noch) stärkeren Einbindung der EZB in die (indirekte) Finanzierung von KMU durch die Verbriefung von …
Persistent link: https://www.econbiz.de/10009779172
Cover Image
Finance access of SMEs : what role for the ECB?
Belke, Ansgar - 2013
sceptical about a stronger involvement of the ECB in the (indirect) financing of SMEs through the securitisation of banks …
Persistent link: https://www.econbiz.de/10010255130
Cover Image
Subsidies and innovation in the recent financial crisis
Giebel, Marek; Kraft, Kornelius - 2021
to considerable turmoil in financing and, as a result, to restrictions of firms' access to external financing. Utilizing … this fact, we identify and analyze financing constraints in two ways. First, firm financing constraints are determined via … effect is particularly pronounced for firms that are affected by financing constraints on the firm or bank side. Finally, our …
Persistent link: https://www.econbiz.de/10012793582
Cover Image
R&D investment under financing constraints
Giebel, Marek; Kraft, Kornelius - 2020
This paper tests for the sensitivity of R&D to financing constraints conditional on restrictions in external financing …. Financing constraints of firms are identified by an exogenously calculated rating index. Restrictions in external financing are …-crisis) 2007-2009 (crisis) and 2010-2012 (post-crisis) support the theoretical prediction that financing constraints affect R …
Persistent link: https://www.econbiz.de/10012196342
Cover Image
Commercial bank small business lending pre and post crisis
Jacques, Kevin T.; Moylan, Richard; Nigro, Peter J. - In: Journal of entrepreneurial finance : JEF ; official … 18 (2016) 1, pp. 22-48
We analyze small business lending at U.S. commercial banks, how it has changed over time and how it differs by bank size. Specifically, we examine the impact of government policy intervention on small business lending in the aftermath of the financial crisis. We find several important results....
Persistent link: https://www.econbiz.de/10011991398
Cover Image
Personal Income Taxes and Small Business Lending
Wang, Weichao - 2021
I investigate whether and how personal income taxes impact bank lending to small businesses. My empirical design exploits staggered statutory changes of state personal tax in the U.S. as identification and compares loans granted in geographically adjacent counties across state borders with...
Persistent link: https://www.econbiz.de/10013229963
Cover Image
Firm or bank weakness? : access to finance since the European sovereign debt crisis
Corbisiero, Giuseppe; Faccia, Donata - 2020
This paper uses a unique dataset where credit rejections experienced by euro area firms are matched with firm and bank characteristics. This allows us to study simultaneously the role that bank and firm weakness had in the credit reduction observed in the euro area during the sovereign debt...
Persistent link: https://www.econbiz.de/10012150099