Access to credit of SMEs in the Czech Republic during the financial crisis and in the post-crisis period
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F15%3A43906979" target="_blank" >RIV/62156489:43110/15:43906979 - isvavai.cz</a>
Alternative codes found
RIV/00216305:26220/15:PU115152
Result on the web
<a href="http://acta.mendelu.cz/media/pdf/actaun_2015063041297.pdf" target="_blank" >http://acta.mendelu.cz/media/pdf/actaun_2015063041297.pdf</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.11118/actaun201563041297" target="_blank" >10.11118/actaun201563041297</a>
Alternative languages
Result language
angličtina
Original language name
Access to credit of SMEs in the Czech Republic during the financial crisis and in the post-crisis period
Original language description
We investigate the impact of the financial crisis on the access of small and medium-sized enterprises in the Czech Republic to external financing. We apply the non-parametric kernel density estimation on a firm-level measure of financing constraints andevaluate its distribution on a balanced panel of SMEs. We focus on financing constraints related to financial health of companies since they determine the commercial banks' lending behaviour. Our results reveal that firms were more constrained during thecrisis and their financing constraints did not largely improve after the end of financial crisis. We argue that enterprises were financially constrained during the crisis because of reduced cash-flow and cash holdings.
Czech name
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Czech description
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Classification
Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AH - Economics
OECD FORD branch
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Result continuities
Project
Result was created during the realization of more than one project. More information in the Projects tab.
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Acta universitatis Agriculturae et Silviculturae Mendelianae Brunensis
ISSN
1211-8516
e-ISSN
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Volume of the periodical
63
Issue of the periodical within the volume
4
Country of publishing house
CZ - CZECH REPUBLIC
Number of pages
6
Pages from-to
1297-1302
UT code for WoS article
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EID of the result in the Scopus database
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