QHBK22003ENN.en.pdf
Small and medium-sized firms play a key role in the European economy. This paper uses statistical methods to estimate the effects of EIB financial support on European companies between 2008 and 2015. It shows that the effects of EIB supported lending on job creation and investments were larger for s...
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European Investment Bank
2022
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oapen-20.500.12657-542022023-02-01T09:02:21Z EIB Working Paper 2022/03 European Investment Bank Barbera, Alessandro Gereben, Aron Wolski, Marcin Business & Economics Finance bic Book Industry Communication::K Economics, finance, business & management::KF Finance & accounting::KFF Finance Small and medium-sized firms play a key role in the European economy. This paper uses statistical methods to estimate the effects of EIB financial support on European companies between 2008 and 2015. It shows that the effects of EIB supported lending on job creation and investments were larger for smaller and younger firms, and that longer maturities and more advantageous loan pricing are associated with larger employment and investment effects. The results suggest that benefits of the EIB support are more noticeable on an intensive margin, instead of on an extensive one. 2022-04-27T05:31:30Z 2022-04-27T05:31:30Z 2022 book 9789286152221 https://library.oapen.org/handle/20.500.12657/54202 eng application/pdf Attribution-NonCommercial-NoDerivatives 4.0 International QHBK22003ENN.en.pdf European Investment Bank European Investment Bank https://doi.org/10.2867/571551 https://doi.org/10.2867/571551 66479d04-7b84-49c0-9a4d-db552a3ecc71 b818ba9d-2dd9-4fd7-a364-7f305aef7ee9 9789286152221 Knowledge Unlatched (KU) European Investment Bank Knowledge Unlatched open access |
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Small and medium-sized firms play a key role in the European economy. This paper uses statistical methods to estimate the effects of EIB financial support on European companies between 2008 and 2015. It shows that the effects of EIB supported lending on job creation and investments were larger for smaller and younger firms, and that longer maturities and more advantageous loan pricing are associated with larger employment and investment effects. The results suggest that benefits of the EIB support are more noticeable on an intensive margin, instead of on an extensive one. |
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European Investment Bank |
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2022 |
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