1.

Record Nr.

UNINA9910645986703321

Autore

Gereben Áron

Titolo

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

Pubbl/distr/stampa

Luxembourg : , : European Investment Bank, , 2020

ISBN

92-861-4583-7

Descrizione fisica

1 online resource (1 p.)

Collana

EIB Working Papers

Soggetti

Business & Economics / Finance

Economics

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Sommario/riassunto

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.