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IFIs provide funding for SMEs, but what impact does this actually have on these firms? This working paper assesses the impact of funding by the EIB on the performance of more than 5,000 SMEs in eight countries in Central and Eastern Europe during 2008-2014. Using propensity score matching and differ...
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European Investment Bank
2020
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oapen-20.500.12657-434172021-01-25T13:50:41Z EIB Working Papers 2019/09 - The impact of international financial institutions on small and medium enterprises Petriček, Matic Rop, Anton Gereben, Áron Winkler, Adalbert European Investment Bank Business & Economics Finance General bic Book Industry Communication::K Economics, finance, business & management::KF Finance & accounting::KFF Finance IFIs provide funding for SMEs, but what impact does this actually have on these firms? This working paper assesses the impact of funding by the EIB on the performance of more than 5,000 SMEs in eight countries in Central and Eastern Europe during 2008-2014. Using propensity score matching and difference-in-difference estimation exercises, it indicates that EIB lending has had a positive effect on employment, revenues and profitability. This holds whether or not the economy is in a period of crisis or recovery. 2020-12-15T13:27:51Z 2020-12-15T13:27:51Z 2019 book 9789286143519 https://library.oapen.org/handle/20.500.12657/43417 eng application/pdf n/a external_content.pdf European Investment Bank European Investment Bank https://doi.org/10.2867/122684 https://doi.org/10.2867/122684 66479d04-7b84-49c0-9a4d-db552a3ecc71 b818ba9d-2dd9-4fd7-a364-7f305aef7ee9 9789286143519 Knowledge Unlatched (KU) European Investment Bank Knowledge Unlatched open access |
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IFIs provide funding for SMEs, but what impact does this actually have on these firms? This working paper assesses the impact of funding by the EIB on the performance of more than 5,000 SMEs in eight countries in Central and Eastern Europe during 2008-2014. Using propensity score matching and difference-in-difference estimation exercises, it indicates that EIB lending has had a positive effect on employment, revenues and profitability. This holds whether or not the economy is in a period of crisis or recovery. |
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2020 |
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