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Author Wagenvoort, Rien ♦ Hurst, Christopher
Source EconStor
Content type Text
Publisher European Investment Bank (EIB)
File Format PDF
Copyright Year ©1999
Language English
Subject Domain (in DDC) Social sciences ♦ Economics
Subject Keyword Klein- und Mittelunternehmen ♦ Unternehmensfinanzierung ♦ Fremdkapital ♦ Kreditwürdigkeit ♦ Kreditsicherung ♦ Frankreich ♦ Großbritannien ♦ Italien
Abstract The precarious employment situation in the EU has given rise to public policies that aim at giving small and medium-sized enterprises (SMEs) better access to finance. SMEs may face difficulties due to information problems and other inefficiencies in loan markets. However, the European evidence on the magnitude of this problem is limited. The purpose of this paper has been to explore the factors that determine the gearing of a sample of SMEs in France, Italy and the UK. Since many factors are potentially involved, a regression analysis is needed to untangle the individual effect of any particular factor. The explanatory power of our model is high compared with previous studies.
ISSN 02577755
Learning Resource Type Article
Publisher Date 1999-01-01
Publisher Place Luxembourg
Rights Holder
Journal EIB Papers
Volume Number 4
Issue Number 2
Page Count 23
Starting Page 64
Ending Page 86

Source: EconStor