Arbeitspapier
SME recovery following a financial crisis: Does debt overhang matter?
The years before the financial crisis saw a dramatic build-up in private debt levels in several countries and this increase was particularly marked in Ireland. In this paper, we look at whether outstanding debt taken out by small and medium sized enterprises in Ireland constrains current performance. We find that the level of debt is generally associated with positive firm performance, facilitating growth and investment. Higher debt burdens (measured as the ratio of debt to turnover), on the other hand, have significant negative effects on all measures of firm performance, in particular investment, employment and indicators of financial distress.
- Sprache
-
Englisch
- Erschienen in
-
Series: ESRI Working Paper ; No. 491
- Klassifikation
-
Wirtschaft
- Thema
-
Finanzkrise
Verbindlichkeiten
Unternehmenserfolg
Irland
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Lawless, Martina
O'Connell, Brian
O'Toole, Conor
- Ereignis
-
Veröffentlichung
- (wer)
-
The Economic and Social Research Institute (ESRI)
- (wo)
-
Dublin
- (wann)
-
2014
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Lawless, Martina
- O'Connell, Brian
- O'Toole, Conor
- The Economic and Social Research Institute (ESRI)
Entstanden
- 2014
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