EIB Working Papers 2019/03 - Financing and obstacles for high growth enterprises The European case (Volume 2019/3)

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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Bibliographic Details
Main Author: Pal, Rozalia
Other Authors: Durante, Elena, Ferrando, Annalisa, European Investment Bank
Format: eBook
Language:English
Published: 2019
Subjects:
Online Access:
Collection: Directory of Open Access Books - Collection details see MPG.ReNa
Description
Summary: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.
Item Description:Creative Commons (cc), https://creativecommons.org/licenses/by-nc-nd/4.0/legalcode
ISBN:9789286142314
doi.org/10.2867/14742