Financing obstacles among euro area firms: Who suffers the most?

Arbeitspapier

In this study we investigate the determinants of financing obstacles using survey data on a sample of around 5000 firms from the euro area countries. This completely new survey – started at the end of 2009 - gives us the opportunity to test whether firm characteristics such as size, age, economic branch, financial autonomy and ownership are valid predictors of 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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: ECB Working Paper ; No. 1293

Classification and Topics

• Classification: Wirtschaft ; Investment; Capital; Intangible Capital; Capacity ; Corporate Finance and Governance: General ; General Financial Markets: General (includes Measurement and Data) ; Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance ; Legal Procedure, the Legal System, and Illegal Behavior: General
• Subject: financial crisis ; Financing Constraints ; Small and Medium-Sized Enterprises ; survey data

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Ferrando, Annalisa ; Griesshaber, Nicolas
• Event: Veröffentlichung
• (who): European Central Bank (ECB)
• (where): Frankfurt a. M.
• (when): 2011

Further information

• Handle: http://hdl.handle.net/10419/153727
• Last update: 10.03.2025, 11:43 AM CET