1.

Record Nr.

UNINA9910645987203321

Autore

Dejuan Daniel

Titolo

EIB Working Papers 2019/04 - Can survey-based information help to assess investment gaps in the EU? / Daniel Dejuan, European Investment Bank, Pana Alves, Laurent Maurin . Volume 2019/4

Pubbl/distr/stampa

European Investment Bank, 2019

Luxembourg : , : European Investment Bank, , 2019

ISBN

9789286142345

928614234X

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

Information from surveys can be used alongside macroeconomic indicators to provide a better understanding of the obstacles to investment faced by firms. This study uses merged firm level data from the European Investment Bank Investment Survey (EIBIS) and hard data from firms' balance sheets and profit and loss information to investigate how well survey results correlate with macro-based hard data. Firms' perceptions of impediments to investment tend to be related to firms' specific characteristics: firms that are smaller, more indebted, less profitable or with less liquidity, tend to report more impediments. Nonetheless, after controlling for firm specific characteristics, the investment gaps reported by firms remain correlated with the reported impediments.