Credit constraints hits smaller eurozone firms’ investment – Spanish paper
Researcher finds credit constraints have less impact on working capital and growth
A working paper published by the Bank of Spain looks at the impact of credit constraints on small and medium-sized enterprises’ working capital, investment and growth.
In Credit constraints, firm investment and growth: evidence from survey data, Miguel García-Posada Gómez uses data from the survey on the access to finance of enterprises, or Safe, conducted by the European Central Bank and the European Commission.
The author looks at data from a large panel of small and medium-sized enterprises
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