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  1. The impact of international financial institutions on small and medium enterprises
    the case of EIB lending in Central and Eastern Europe
    Published: 13 November 2019
    Publisher:  European Investment Bank, Luxembourg

    Does IFI funding provide support to SMEs receiving such funding? We assess the impact of funding by the European Investment Bank (EIB) on the performance of 5,223 SMEs in eight countries of Central and Eastern Europe (CEE) during 2008-2014. Our... more

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    Technische Informationsbibliothek (TIB) / Leibniz-Informationszentrum Technik und Naturwissenschaften und Universitätsbibliothek
    EDZ online a
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 429
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    Does IFI funding provide support to SMEs receiving such funding? We assess the impact of funding by the European Investment Bank (EIB) on the performance of 5,223 SMEs in eight countries of Central and Eastern Europe (CEE) during 2008-2014. Our results, derived from propensity score matching and difference-in-difference estimation exercises, indicate that EIB lending has a positive effect on employment, revenues and profitability. This positive effect holds irrespective of the economy entering a prolonged crisis or a seeing a recovery in the years following EIB funding. Overall, our results provide support to the view that IFI funding makes a difference in a period characterized by financial and economic turmoil.

     

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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789286143519; 9789286143748
    Other identifier:
    hdl: 10419/206831
    Series: Economics - working papers ; 2019, 09
    Subjects: International financial institutions; SMEs; impact; financial crisis
    Scope: 1 Online-Ressource (circa 56 Seiten), Illustrationen