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SME Financial Distress and the Macroeconomic Recovery: A Microsimulation Approach

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  • Kren, Janez
  • Lawless, Martina
  • McGuinness, Gerard
  • O'Toole, Conor

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  • Kren, Janez & Lawless, Martina & McGuinness, Gerard & O'Toole, Conor, 2022. "SME Financial Distress and the Macroeconomic Recovery: A Microsimulation Approach," Papers WP718, Economic and Social Research Institute (ESRI).
    • Handle: RePEc:esr:wpaper:wp718
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    3. Elena Carletti & Tommaso Oliviero & Marco Pagano & Loriana Pelizzon & Marti G Subrahmanyam, 2020. "The COVID-19 Shock and Equity Shortfall: Firm-Level Evidence from Italy," The Review of Corporate Finance Studies, Society for Financial Studies, vol. 9(3), pages 534-568.
    4. N. Berger, Allen & F. Udell, Gregory, 1998. "The economics of small business finance: The roles of private equity and debt markets in the financial growth cycle," Journal of Banking & Finance, Elsevier, vol. 22(6-8), pages 613-673, August.
    5. Nicholas Bloom & Philip Bunn & Paul Mizen & Pawel Smietanka & Gregory Thwaites, 2020. "The Impact of Covid-19 on Productivity," NBER Working Papers 28233, National Bureau of Economic Research, Inc.
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    7. Ferrando, Annalisa & Mulier, Klaas, 2013. "Do firms use the trade credit channel to manage growth?," Journal of Banking & Finance, Elsevier, vol. 37(8), pages 3035-3046.
    8. Conor O'Toole & Fergal McCann & Martina Lawless & Janez Kren & John McQuinn, 2021. "New Survey Evidence on COVID-19 and Irish SMEs: Measuring the Impact and Policy Response," The Economic and Social Review, Economic and Social Studies, vol. 52(2), pages 107-138.
    9. Xavier Cirera & Marcio Cruz & Elwyn Davies & Arti Grover & Leonardo Iacovone & Jose Ernesto Lopez Cordova & Denis Medvedev & Franklin Okechukwu Maduko & Gaurav Nayyar & Santiago Reyes Ortega & Jesica , 0. "Policies to Support Businesses through the COVID-19 Shock: A Firm Level Perspective," World Bank Research Observer, World Bank Group, vol. 36(1), pages 41-66.
    10. Alexander W. Bartik & Marianne Bertrand & Zoë B. Cullen & Edward L. Glaeser & Michael Luca & Christopher T. Stanton, 2020. "How Are Small Businesses Adjusting to COVID-19? Early Evidence from a Survey," NBER Working Papers 26989, National Bureau of Economic Research, Inc.
    11. Paulo Maças Nunes & Z�lia Serrasqueiro, 2012. "Are young SMEs' survival determinants different? Empirical evidence using panel data," Applied Economics Letters, Taylor & Francis Journals, vol. 19(9), pages 849-855, June.
    12. Bergin, Adele & Conroy, Niall & Garcia Rodriguez, Abian & Holland, Dawn & McInerney, Niall & Morgenroth, Edgar & Smith, Donal, 2017. "COSMO: A new COre Structural MOdel for Ireland," Papers WP553, Economic and Social Research Institute (ESRI).
    13. Nicholas Bloom & Philip Bunn & Paul Mizen & Pawel Smietanka & Gregory Thwaites, 2020. "The Impact of Covid-19 on Productivity," NBER Working Papers 28233, National Bureau of Economic Research, Inc.
    14. Elena Carletti & Tommaso Oliviero & Marco Pagano & Loriana Pelizzon & Marti G Subrahmanyam, 0. "The COVID-19 Shock and Equity Shortfall: Firm-Level Evidence from Italy," Review of Corporate Finance Studies, Oxford University Press, vol. 9(3), pages 534-568.
    15. Robert P. Bartlett III & Adair Morse, 2020. "Small Business Survival Capabilities and Policy Effectiveness: Evidence from Oakland," NBER Working Papers 27629, National Bureau of Economic Research, Inc.
    16. McGuinness, Gerard & Hogan, Teresa & Powell, Ronan, 2018. "European trade credit use and SME survival," Journal of Corporate Finance, Elsevier, vol. 49(C), pages 81-103.
    17. Titman, Sheridan & Wessels, Roberto, 1988. " The Determinants of Capital Structure Choice," Journal of Finance, American Finance Association, vol. 43(1), pages 1-19, March.
    18. Priscila Ferreira & George Saridakis, 2017. "Firm Shutdown During the Financial and the Sovereign Debt Crises: Empirical Evidence from Portugal," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 24(2), pages 153-179, May.
    19. Michael Anyadike-Danes & Mark Hart, 2018. "All grown up? The fate after 15 years of a quarter of a million UK firms born in 1998," Journal of Evolutionary Economics, Springer, vol. 28(1), pages 45-76, January.
    20. 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.
    21. Raj Chetty & John N. Friedman & Michael Stepner & The Opportunity Insights Team, 2020. "The Economic Impacts of COVID-19: Evidence from a New Public Database Built Using Private Sector Data," NBER Working Papers 27431, National Bureau of Economic Research, Inc.
    22. Beck, Thorsten & Demirgüç-Kunt, Asli & Maksimovic, Vojislav, 2008. "Financing patterns around the world: Are small firms different?," Journal of Financial Economics, Elsevier, vol. 89(3), pages 467-487, September.
    23. McCann, Fergal & Yao, Fang, 2021. "Simulating business failures through the liquidity and solvency channels: a framework with applications to COVID-19," Research Technical Papers 2/RT/21, Central Bank of Ireland.
    24. Arata, Yoshiyuki, 2019. "Firm growth and Laplace distribution: The importance of large jumps," Journal of Economic Dynamics and Control, Elsevier, vol. 103(C), pages 63-82.
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