Open Access
The SME finance gap in the European Union
Loading...
Files
RSC_2023_07.pdf (5.9 MB)
Full-text in Open Access, Published version
License
Attribution 4.0 International
Cadmus Permanent Link
Full-text via DOI
ISBN
ISSN
1028-3625
Issue Date
Type of Publication
LC Subject Heading
Other Topic(s)
EUI Research Cluster(s)
Initial version
Published version
Succeeding version
Preceding version
Published version part
Earlier different version
Initial format
Citation
EUI; RSC; Working Paper; 2023/07; Florence School of Banking and Finance
Cite
BECK, Thorsten Harald Leopold, KESSLER, Natalie, The SME finance gap in the European Union, EUI, RSC, Working Paper, 2023/07, Florence School of Banking and Finance - https://hdl.handle.net/1814/75457
Abstract
This paper presents SME financing gaps across European countries over the period 2013 to 2020,
using two different methodologies, one reliant on firm balance sheets and one on firm-level surveys.
We show significant variation in financing gaps across countries and sectors. Variation over time, on
the other hand, is not as strong or intuitive. The account- and survey-based measures are only weakly
correlated with each other, reflecting their different nature, and both are only weakly correlated with
a survey-based measure of self-reported firm financing constraints.