EIB Working Papers 2020/04 - Making a difference Assessing the impact of the EIB's funding to SMEs / European Investment Bank, Áron Gereben, Marcin Wolski, Raschid Amamou. Volume 2020/4
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TextSeries: EIB Working PapersPublisher: European Investment Bank, Description: 1 online resource (1 p.)ISBN: 9789286145834Subject(s): Business & Economics / Finance | EconomicsGenre/Form: Electronic books.Online resources: View this content on Open Research Library. Summary: 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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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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