TY - BOOK AU - European Investment Bank AU - Gereben,Áron AU - Wolski,Marcin AU - Amamou,Raschid TI - EIB Working Papers 2020/04 - Making a difference: Assessing the impact of the EIB's funding to SMEs T2 - EIB Working Papers SN - 9789286145834 PB - European Investment Bank KW - Business & Economics / Finance KW - bisacsh KW - Economics KW - Electronic books N1 - Access copy available to the general public N2 - 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 UR - https://openresearchlibrary.org/content/3062e74f-00dc-4e16-aada-feced4fa122e ER -