Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/156177
Authors: 
Daube, Carl Heinz
Dobernig, Harald
Becker, Marco
Peskes, Markus
Year of Publication: 
2017
Abstract: 
Small and midcap companies are the backbone of the German economy with respect to employment, contribution to GDP, tax payments, share at world market, innovation – to mention just a few. Hence, it is important that economic and political conditions are favorable for small and midsize enterprises. The article takes a closer look at the funding conditions for companies of the non-financial sector using data starting 2002 analyzing the usage of bank loans and turnover. The statistical outcome suggests that there is often a strong correlation between bank loans and turnover. However, it also suggests the traditional funding from banks is becoming less important and direct funding instruments using capital markets becoming more important.
Subjects: 
Mittelstand
Mittelstandsfinanzierung
JEL: 
F0
Document Type: 
Preprint






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