Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/53136 
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dc.contributor.authorArtola, Conchaen
dc.contributor.authorGenre, Veroniqueen
dc.date.accessioned2011-12-01-
dc.date.accessioned2011-12-14T12:18:31Z-
dc.date.available2011-12-14T12:18:31Z-
dc.date.issued2011-
dc.identifier.urihttp://hdl.handle.net/10419/53136-
dc.description.abstractDuring the recent financial crisis, euro area firms, and especially Small and Medium-sized Enterprises, have been reporting acute problems of access to external finance. Using firm-level replies to the SME survey on access to finance, we use two indicators of financing constraints based on perceptions on the one side and on experienced financing constraints on the other and run probit and multinomial regressions model to determine which firms', sectoral or national characteristics drove perceptions and experienced financial constraints during the recent financial turmoil. We find that perceptions of financing crunch was broadly based across firms but those firms who really experienced a credit crunch tended to be small and young, confirming the fact that SMEs tend to suffer more when credit standards are tightened.en
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x3650en
dc.subject.jelE22en
dc.subject.jelG30en
dc.subject.jelL11en
dc.subject.jelO16en
dc.subject.ddc330en
dc.subject.keywordfinancial crisisen
dc.subject.keywordfinancing constraintsen
dc.subject.keywordcredit rationingen
dc.subject.keywordsmall and medium-sized enterprisesen
dc.subject.keywordsurvey dataen
dc.titleEuro area SMEs under financial constraints: Belief or reality?-
dc.typeWorking Paperen
dc.identifier.ppn675946697en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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