SME steeplechase : when obtaining money is harder than innovating.
In this paper, we analyze the main characteristics of European Small and Medium Enterprises (SMEs), related to the demand for and access to external financial resources. We use microdata from an extensive database, elaborated by the European Central Bank and the European Commission: the Survey on...
Guardado en:
| Autores principales: | , , |
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| Lenguaje: | Inglés |
| Publicado: |
Instituto de Publicación Digital Multidisciplinario MDPI
2020
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| Acceso en línea: | http://repositoriodigital.uns.edu.ar/handle/123456789/5077 |
| Aporte de: |
| Sumario: | In this paper, we analyze the main characteristics of European Small and Medium
Enterprises (SMEs), related to the demand for and access to external financial resources. We use
microdata from an extensive database, elaborated by the European Central Bank and the European
Commission: the Survey on the Access to Finance of Enterprises. Firstly, we consider a set of variables
as determinants to the decision to apply for different financial instruments. Secondly, we use the same
set of variables to analyze the actual access to these instruments. For each regression, several SMEs
profiles were created, in order to detect SMEs archetypes according to their decisions. The results are
thought-provoking, and highlight that differences in firms characteristics (size, innovative activities,
etc.), influence not only the access to, but also the demand for external finance. |
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