Kurzfassung

The main purpose of our research project was to identify an empirical taxonomy of SME financing patterns in the use of different financing instruments as complements or substitutes. The identified SME types were investigated according to their firm-, product-, industry-, and country-characteristics. Furthermore, country-specific variables are likely to influence both, the availability of and the demand for different financing instruments. To explore these country-specific differences in...The main purpose of our research project was to identify an empirical taxonomy of SME financing patterns in the use of different financing instruments as complements or substitutes. The identified SME types were investigated according to their firm-, product-, industry-, and country-characteristics. Furthermore, country-specific variables are likely to influence both, the availability of and the demand for different financing instruments. To explore these country-specific differences in detail, the SAFE data had to be combined with appropriate data from other sources such as data provided by the Eurobarometer or the Heritage Foundation.
In addition, we investigated micro firm financing patterns in Europe and how these patterns differ from those of other small firms. Therefore, we performed cluster and regression analyses using the 2015H1 SAFE Survey. » weiterlesen» einklappen