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Persistent link: https://www.econbiz.de/10011288624
corporate investment and its financing structure. We identify shocks to overall demand and loan supply with sign and impact …
Persistent link: https://www.econbiz.de/10012648857
This paper aims at investigating the relationship between firms' profit efficiency, access to finance and innovation activities. We enrich our understanding on firms' performance by adopting the stochastic frontier approach (SFA), which allows us to estimate profit functions and to obtain...
Persistent link: https://www.econbiz.de/10012241105
bank in the same month for loans to small and large firms (the "Small Firm Financing Premium", SFFP). We assess the role …
Persistent link: https://www.econbiz.de/10011697389
We study the effect of financial distress in foreign parent banks on local SME financing in 14 central and eastern …
Persistent link: https://www.econbiz.de/10003973496
facing financing obstacles. Our results indicate that, though based on few variables, this measure appears to be relevant in … results for leverage are less clear-cut. -- Financing constraints ; firm growth, panel data …
Persistent link: https://www.econbiz.de/10003826608
We show that FinTech lending affects credit markets and real economic activity using a unique data set of a Peer-to-Business platform for which we have the universe of loan applications. We find that FinTech serves high quality and creditworthy small businesses who already have access to bank...
Persistent link: https://www.econbiz.de/10012818733
We study the effects of the diversification of funding sources on the financing conditions for firms. We exploit a …
Persistent link: https://www.econbiz.de/10012390449
This paper investigates the financing conditions of non-financial corporations in the euro area. We develop a new firm … suggest that the propensity to save cash out of cash flows is significantly positive regardless of firms' financing conditions …. This implies that even for firms with favourable external financing conditions, the internal cash flow is used in a …
Persistent link: https://www.econbiz.de/10003337260
In this study we investigate the determinants of financing obstacles using survey data on a sample of around 5000 firms … financing obstacles also during the recent financial crisis. Our results show that only age and ownership are robust explanatory … variables for firms' perceived financing obstacles while mixed results are found for size and economic branches. - Financial …
Persistent link: https://www.econbiz.de/10008901467