Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: http://hdl.handle.net/10419/129426
Autoren: 
Lawless, Martina
O'Connell, Brian
O'Toole, Conor
Datum: 
2014
Reihe/Nr.: 
ESRI Working Paper 491
Zusammenfassung: 
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.
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
600.57 kB





Publikationen in EconStor sind urheberrechtlich geschützt.