Access to credit of SMEs in the Czech Republic during the financial crisis and in the post-crisis period

Kód výsledku v 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>

Nalezeny alternativní kódy

RIV/00216305:26220/15:PU115152

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

Access to credit of SMEs in the Czech Republic during the financial crisis and in the post-crisis period

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Access to credit of SMEs in the Czech Republic during the financial crisis and in the post-crisis period

Popis výsledku anglicky

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.

Druh

J_x - Nezařazeno - Článek v odborném periodiku (Jimp, Jsc a Jost)

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

Výsledek vznikl pri realizaci vícero projektů. Více informací v záložce Projekty.

Návaznosti

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Rok uplatnění

2015

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Acta universitatis Agriculturae et Silviculturae Mendelianae Brunensis

ISSN

1211-8516

e-ISSN

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Svazek periodika

63

Číslo periodika v rámci svazku

4

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

6

Strana od-do

1297-1302

Kód UT WoS článku

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EID výsledku v databázi Scopus

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