Certain Financial Problems the Small and Medium Enterprises Face in the Countries of the European Economic Area (EEA)
AbstractIn issue three of 2002 of Economic Studies the author defined three assumptions, which in general assert that under the conditions of information asymmetry the small and medium enterprises (SMEs) are affected in a relatively greater degree by the problems of financing. In addition, according to one of the assumptions, there is a negative relationship between the factors “age” and “size” of the enterprises and the problems, while the influence of the “growth” factor can be controversial. In the present paper the author gives proof to his hypotheses concerning the problems of financing of the SMEs in the countries of the EEA. He also analyses the influence of the above- mentioned factors (age, size and growth) on the problems of financing of the starting and high technology businesses, as well as on the smaller exporters.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Bulgarian Academy of Sciences - Economic Research Institute in its journal Economic Studies.
Volume (Year): (2005)
Issue (Month): 3 ()
Find related papers by JEL classification:
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
- G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Audretsch, David B & Elston, Julie A, 1997. " Financing the German Mittelstand," Small Business Economics, Springer, vol. 9(2), pages 97-110, April.
- Stiglitz, Joseph E & Weiss, Andrew, 1981. "Credit Rationing in Markets with Imperfect Information," American Economic Review, American Economic Association, vol. 71(3), pages 393-410, June.
- Egeln, Jurgen & Licht, Georg & Steil, Fabian, 1997. " Firm Foundations and the Role of Financial Constraints," Small Business Economics, Springer, vol. 9(2), pages 137-50, April.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Diana Dimitrova).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.