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oapen-20.500.12657-434382023-02-01T09:34:31Z EIB Working Papers 2020/04 - Making a difference Gereben, Áron Wolski, Marcin Amamou, Raschid European Investment Bank Business & Economics Finance General bic Book Industry Communication::K Economics, finance, business & management::KF Finance & accounting::KFF Finance This paper investigates the impact of intermediated funding provided by the EIB on the performance of SMEs in the EU between 2008 and 2014. Using statistical analysis of firm-level data, it finds that EIB lending had a positive effect on employment, firm size, investment and innovation capacity, and also increased firms' leverage. The impact of EIB funding was higher in the countries of Central and Eastern Europe and also in Southern Europe, while somewhat smaller, yet still significant, in West and North Europe. 2020-12-15T13:29:24Z 2020-12-15T13:29:24Z 2020 book 9789286145834 https://library.oapen.org/handle/20.500.12657/43438 eng application/pdf n/a external_content.pdf European Investment Bank European Investment Bank https://doi.org/10.2867/440965 https://doi.org/10.2867/440965 66479d04-7b84-49c0-9a4d-db552a3ecc71 b818ba9d-2dd9-4fd7-a364-7f305aef7ee9 9789286145834 Knowledge Unlatched (KU) European Investment Bank Knowledge Unlatched open access
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This paper investigates the impact of intermediated funding provided by the EIB on the performance of SMEs in the EU between 2008 and 2014. Using statistical analysis of firm-level data, it finds that EIB lending had a positive effect on employment, firm size, investment and innovation capacity, and also increased firms' leverage. The impact of EIB funding was higher in the countries of Central and Eastern Europe and also in Southern Europe, while somewhat smaller, yet still significant, in West and North Europe.
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