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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Päätekijä: Pal, Rozalia (auth)
Muut tekijät: Durante, Elena (auth), Ferrando, Annalisa (auth), European Investment Bank (Toimittaja)
Aineistotyyppi: Elektroninen Kirjan osa
Kieli:englanti
Julkaistu: European Investment Bank 2019
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Yhteenveto: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.
ISBN:/doi.org/10.2867/14742
9789286142314
Pääsy:Open Access