Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: http://hdl.handle.net/10419/100199
Erscheinungsjahr: 
2013
Schriftenreihe/Nr.: 
ESRI Working Paper No. 467
Verlag: 
The Economic and Social Research Institute (ESRI), Dublin
Zusammenfassung: 
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.
Schlagwörter: 
Financial Crisis
Credit Constraints
Investment
Employment
SMEs
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
1.19 MB





Publikationen in EconStor sind urheberrechtlich geschützt.