Arbeitspapier
SME credit constraints and macroeconomic effects
This research attempts to answer two particular questions: a) what factors drive SME credit constraints in the Irish economy and b) what is the impact of such constraints on the macro-economy, in particular on employment and investment. We find that constraints decrease with firm size while there is variation by sector. Our results indicate that firms applying to foreign-owned banks are more likely to be constrained. We also identify a direct effect of debt overhang on access to credit. Linking constraints to the macro-economy, we find a negative and significant effect of SME credit constraints on employment, while no effect is evident on firm investment.
- Language
-
Englisch
- Bibliographic citation
-
Series: ESRI Working Paper ; No. 467
- Classification
-
Wirtschaft
- Subject
-
Financial Crisis
Credit Constraints
Investment
Employment
SMEs
- Event
-
Geistige Schöpfung
- (who)
-
Gerlach-Kristen, Petra
O'Connell, Brian
O'Toole, Conor
- Event
-
Veröffentlichung
- (who)
-
The Economic and Social Research Institute (ESRI)
- (where)
-
Dublin
- (when)
-
2013
- Handle
- Last update
-
10.03.2025, 11:45 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Gerlach-Kristen, Petra
- O'Connell, Brian
- O'Toole, Conor
- The Economic and Social Research Institute (ESRI)
Time of origin
- 2013
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