IDEAS home Printed from https://ideas.repec.org/b/ces/ifodrs/62.html
   My bibliography  Save this book

Finanzierungserfordernisse des sächsischen Handwerks: gegenwärtige Situation, Perspektiven und wirtschaftspolitische Implikationen

Author

Listed:
  • Joachim Ragnitz
  • Johannes Steinbrecher

Abstract

The trade firms comprise the most versatile economic sector. With many small and medium sized enterprises this sector is important for the German economy. Prosperintrade firms are also essential for the regional economy in Saxony. These firms require access to adequate financial instruments. Due to its corporate and sector structure the trade faces specific problems. This study therefore provides insights into the current financial situation of trade companies. First, to understand the financing situation of the trade, current literature about the financial situation of small and medium-sized enterprises is discussed with regard to specific implications for the trade. Second, a survey of selected Saxon trade companies analyses the current financing situation. To acquire insights from the investors’ perspective, representatives of the regional credit/banking sector are asked to evaluate the current situation. The results of the surveys are examinedusing both qualitative and quantitative methods.

Suggested Citation

  • Joachim Ragnitz & Johannes Steinbrecher, 2012. "Finanzierungserfordernisse des sächsischen Handwerks: gegenwärtige Situation, Perspektiven und wirtschaftspolitische Implikationen," ifo Dresden Studien, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 62.
    • Handle: RePEc:ces:ifodrs:62
    as

    Download full text from publisher

    File URL: https://www.ifo.de/DocDL/ifo_Dresden_Studien_62.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Klaus Berge & Ralf Berger & Hermann Locarek-Junge, 2006. "Deutsche Landesbanken: Status quo und Strategien vor dem Hintergrund des Wegfalls der Staatsgarantien," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 75(4), pages 73-92.
    2. Hempell, Hannah S., 2002. "Testing for Competition Among German Banks," Discussion Paper Series 1: Economic Studies 2002,04, Deutsche Bundesbank.
    3. Wagenvoort, Rien, 2003. "Are finance constraints hindering the growth of SMEs in Europe?," EIB Papers 7/2003, European Investment Bank, Economics Department.
    4. Kerstin Schneider & Claudia Wesselbaum-Neugebauer, 2010. "Innovation im Steuerrecht: Wie kann die Thesaurierungsbegünstigung eine annähernd belastungsneutrale Besteuerung von Personen- und Kapitalgesellschaften gewährleisten?," Schumpeter Discussion Papers sdp10002, Universitätsbibliothek Wuppertal, University Library.
    5. Jensen, Michael C. & Meckling, William H., 1976. "Theory of the firm: Managerial behavior, agency costs and ownership structure," Journal of Financial Economics, Elsevier, vol. 3(4), pages 305-360, October.
    6. 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.
    7. Arrow, Kenneth J, 1985. "Informational Structure of the Firm," American Economic Review, American Economic Association, vol. 75(2), pages 303-307, May.
    8. Achleitner, Ann-Kristin & Poech, Angela & Groth, Thorsten, 2005. "Beteiligungskapital und selektive Informationssuche in mittelständischen Unternehmen," CEFS Working Paper Series 2005-04, Technische Universität München (TUM), Center for Entrepreneurial and Financial Studies (CEFS).
    9. Pietro Alessandrini & Andrea F. Presbitero & Alberto Zazzaro, 2009. "Banks, Distances and Firms' Financing Constraints," Review of Finance, European Finance Association, vol. 13(2), pages 261-307.
    10. Michael Berlemann & Sabine Engelmann & Christian Leßmann & Heinz Schmalholz & Henner Spelsberg & Hendrik Weber, 2007. "Unternehmensnachfolge im sächsischen Mittelstand," ifo Dresden berichtet, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 14(01), pages .15-28, February.
    11. Eckel, Catherine C. & Grossman, Philip J. & Johnston, Rachel M., 2005. "An experimental test of the crowding out hypothesis," Journal of Public Economics, Elsevier, vol. 89(8), pages 1543-1560, August.
    12. Bikker, Jacob A. & Haaf, Katharina, 2002. "Competition, concentration and their relationship: An empirical analysis of the banking industry," Journal of Banking & Finance, Elsevier, vol. 26(11), pages 2191-2214, November.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Mariarosaria Agostino & Francesco Trivieri, 2010. "Is banking competition beneficial to SMEs? An empirical study based on Italian data," Small Business Economics, Springer, vol. 35(3), pages 335-355, October.
    2. International Monetary Fund, 2005. "Euro Area Policies: Selected Issues," IMF Staff Country Reports 2005/266, International Monetary Fund.
    3. Valentina Peruzzi, 2017. "Does family ownership structure affect investment-cash flow sensitivity? Evidence from Italian SMEs," Applied Economics, Taylor & Francis Journals, vol. 49(43), pages 4378-4393, September.
    4. Tlili, Rim, 2012. "Comment justifier la multibancarité au sein des PME ?," Economics Thesis from University Paris Dauphine, Paris Dauphine University, number 123456789/10919 edited by Etner, François.
    5. Karel Janda, 2011. "Credit Rationing and Public Support of Commercial Credit," CERGE-EI Working Papers wp436, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    6. Djedidi-Kooli, Salima, 2009. "L’accès au financement des PME en France : quel rôle joué par la structure du système bancaire ?," Economics Thesis from University Paris Dauphine, Paris Dauphine University, number 123456789/8354 edited by Etner, François.
    7. Roberto Guida & Valentina Sabato, 2017. "Relationship Lending and Firms’ Leverage: Empirical Evidence in Europe," European Financial Management, European Financial Management Association, vol. 23(4), pages 807-835, September.
    8. Sevcan Yesiltas, 2009. "Financing Constraints and Investment: The Case of Turkish Manufacturing Firms," 2009 Meeting Papers 874, Society for Economic Dynamics.
    9. Hartarska, Valentina M. & Nadolnyak, Denis A., 2012. "Financing Constraints and Access to Credit in Post Crisis Environment: Evidence from New Farmers in Alabama," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 124882, Agricultural and Applied Economics Association.
    10. Charles A.E. Goodhart & Dimitrios P. Tsomocos & Xuan Wang, 2023. "Support for small businesses amid COVID‐19," Economica, London School of Economics and Political Science, vol. 90(358), pages 612-652, April.
    11. Chan-Jane Lin & Tawei Wang & Chao-Jung Pan, 2016. "Financial reporting quality and investment decisions for family firms," Asia Pacific Journal of Management, Springer, vol. 33(2), pages 499-532, June.
    12. Ernest Dautovic, 2019. "Has Regulatory Capital Made Banks Safer? Skin in the Game vs Moral Hazard," Cahiers de Recherches Economiques du Département d'économie 19.03, Université de Lausanne, Faculté des HEC, Département d’économie.
    13. Alessandro Gambini & Alberto Zazzaro, 2013. "Long-lasting bank relationships and growth of firms," Small Business Economics, Springer, vol. 40(4), pages 977-1007, May.
    14. Bill Francis & Iftekhar Hasan & Michael Koetter & Qiang Wu, 2012. "Corporate Boards And Bank Loan Contracting," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 35(4), pages 521-552, December.
    15. Segol, Matthieu & Kolev, Atanas & Maurin, Laurent, 2021. "The impact of bank loan terms on intangible investment in Europe," EIB Working Papers 2021/05, European Investment Bank (EIB).
    16. Demirguc-Kunt, Asli, 1992. "Developing country capital structures and emerging stock markets," Policy Research Working Paper Series 933, The World Bank.
    17. Xin Qu & Majella Percy & Fang Hu & Jenny Stewart, 2022. "Can CEO equity‐based compensation limit investment‐related agency problems?," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 62(2), pages 2579-2614, June.
    18. Diana Hechavarría & Charles Matthews & Paul Reynolds, 2016. "Does start-up financing influence start-up speed? Evidence from the panel study of entrepreneurial dynamics," Small Business Economics, Springer, vol. 46(1), pages 137-167, January.
    19. Jochen Bigus, 2002. "Investitionsanreize, Koalitionsverhalten und Gläubigerkonflikte," Schmalenbach Journal of Business Research, Springer, vol. 54(4), pages 317-342, June.
    20. Fabio Schiantarelli & Alessandro Sembenelli, 2000. "Form of Ownership and Financial Constraints:Panel Data Evidence From Flow of Funds and Investment Equations," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 27(2), pages 175-192, June.

    More about this item

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ces:ifodrs:62. See general information about how to correct material in RePEc.

    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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Klaus Wohlrabe (email available below). General contact details of provider: https://edirc.repec.org/data/ifooode.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.