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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| Main Author: | |
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| Other Authors: | , , |
| Format: | Electronic Book Chapter |
| Language: | English |
| Published: |
European Investment Bank
2019
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| Subjects: | |
| Online Access: | OAPEN Library: download the publication OAPEN Library: description of the publication |
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| 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. |
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| ISBN: | /doi.org/10.2867/14742 9789286142314 |
| Access: | Open Access |