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The vast majority of firms in Europe are micro firms. Still, we know little about their financing patterns. Our paper aims to close this gap. Based on a large European firm-level data set, we find that micro firms differ in their financing patterns from small and medium-sized companies. Our...
Persistent link: https://www.econbiz.de/10011859838
cluster analysis including 12,726 SMEs in 28 European countries. The results reveal that SME financing in Europe is not …-financed SMEs, state-subsidised SMEs, debt-financed SMEs, flexible-debt-financed SMEs, trade-financed SMEs and internally …-financed SMEs. These SME financing types differ according to the number of financing instruments used and the combinations thereof …
Persistent link: https://www.econbiz.de/10011861130
Against the background of the need for alternative and additional financing channels for SMEs in Europe, this paper …
Persistent link: https://www.econbiz.de/10012819641