EIB Working Papers 2019/03 - Financing and obstacles for high growth enterprises
Pal, Rozalia
EIB Working Papers 2019/03 - Financing and obstacles for high growth enterprises The European case / Volume 2019/3 Rozalia Pal, European Investment Bank, Elena Durante, Annalisa Ferrando. - 1 online resource (1 p.) - EIB Working Papers . - EIB Working Papers .
Access copy available to the general public.
Firms can be identified as high growth, stable or declining. This paper investigates the links between these different phases in the life of a firm, investment activity, financing needs and financing constraints. Using the representative EIBIS survey of EU companies, it finds that firms in a high growth phase are more likely to apply for equity financing and more likely to be financially constrained. Further, it identifies firms with a high growth potential. The most severe barriers for high-growth enterprises are the availability of skilled staff and business regulations, while potential high-growth enterprises are more constrained by uncertainty about the future.
9789286142314
https://doi.org/10.2867/14742
Business & Economics / Finance
Economics
Electronic books.
EIB Working Papers 2019/03 - Financing and obstacles for high growth enterprises The European case / Volume 2019/3 Rozalia Pal, European Investment Bank, Elena Durante, Annalisa Ferrando. - 1 online resource (1 p.) - EIB Working Papers . - EIB Working Papers .
Access copy available to the general public.
Firms can be identified as high growth, stable or declining. This paper investigates the links between these different phases in the life of a firm, investment activity, financing needs and financing constraints. Using the representative EIBIS survey of EU companies, it finds that firms in a high growth phase are more likely to apply for equity financing and more likely to be financially constrained. Further, it identifies firms with a high growth potential. The most severe barriers for high-growth enterprises are the availability of skilled staff and business regulations, while potential high-growth enterprises are more constrained by uncertainty about the future.
9789286142314
https://doi.org/10.2867/14742
Business & Economics / Finance
Economics
Electronic books.