| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP12006 |
| DP12006 Suitable or non-suitable? An investigation of Eurozone SME access to market-based finance | |
| Emanuele Rossi; Paola Bongini; Annalisa Ferrando; Monica Rossolini | |
| 发表日期 | 2017-04-28 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | The present paper provides in–depth analysis of SME access to capital markets among Eurozone countries. First, we detect the factors – at the firm and country level – that are able to influence the likelihood of SME access to market-based finance. Second, we construct an index of what we call “market suitability”, i.e., a score that can be measured at the dimensional, sectoral and national level, which provides the percentage of firms potentially fit for market-based finance. Our results highlight that a few Eurozone countries seem to have deployed the “potential” for capital market financing, while there exists a large percentage of unexploited potential for firms fit for market-based finance. It should also be highlighted that overall business conditions - measured by GDP growth, the degree of development of domestic financial markets, and the quality of the legal and judicial enforcement system - greatly influence a firm’s market suitability. In the period under consideration (2000-2014), macro factors tended to reduce the likelihood of SME access to market-based finance in most countries in our sample |
| 主题 | Financial Economics |
| 关键词 | Market-based finance Smes Eurozone |
| URL | https://cepr.org/publications/dp12006 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/540818 |
| 推荐引用方式 GB/T 7714 | Emanuele Rossi,Paola Bongini,Annalisa Ferrando,et al. DP12006 Suitable or non-suitable? An investigation of Eurozone SME access to market-based finance. 2017. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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