EIB Working Papers 2019/03 - Financing and obstacles for high growth enterprises
Firms can be identified as high growth, stable or declining. This paper investigates the links between these different phases in the life of a firm, investment activity, financing needs and financing constraints. Using the representative EIBIS survey of EU companies, it finds that firms in a high gr...
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| Main Authors: | , , |
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| Formato: | Online |
| Idioma: | inglês |
| Publicado em: |
European Investment Bank
2021
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| Assuntos: | |
| Acesso em linha: | OCN: 1238206595 |
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| Resumo: | Firms can be identified as high growth, stable or declining. This paper investigates the links between these different phases in the life of a firm, investment activity, financing needs and financing constraints. Using the representative EIBIS survey of EU companies, it finds that firms in a high growth phase are more likely to apply for equity financing and more likely to be financially constrained. Further, it identifies firms with a high growth potential. The most severe barriers for high-growth enterprises are the availability of skilled staff and business regulations, while potential high-growth enterprises are more constrained by uncertainty about the future. |
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