| Περίληψη: | In this dissertation, we examine the impact of Credit Rationing on employment
outcomes of eurozone SMEs. Credit rationing is highly correlated with asymmetric
information and has an important effect on firm’s development and employment,
especially for Small and Medium sized enterprises (SMEs). Lending is the main
source of financing of SMEs, so their inability to obtain a loan, may leads to a
reduction of employment growth and Europe’s economic performance. What is
the impact of Credit Rationing on Employment Growth and Employment Level
of SMEs of 28 countries of European Union, between the years 2009-2015? What
other factors does determine Employment Outcomes and how Employment is affected
when a firm Needs Borrowing? Estimating with OLS, Random Effects and
Fixed Effects estimation methods a combined dataset with data deriving from
three different databases, we find that an increase in Credit Rationing and in the
percentage of firms which need lending, causes a reduction in both Employment
Level and Growth. Other determinants of Employment Outcomes seem to play
an important role, too
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