EIB Working Paper 2022/03 Estimating conditional treatment effects of EIB lending to SMEs in Europe
Small and medium-sized firms play a key role in the European economy. This paper uses statistical methods to estimate the effects of EIB financial support on European companies between 2008 and 2015. It shows that the effects of EIB supported lending on job creation and investments were larger for s...
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| Other Authors: | , , |
| Format: | Electronic Book Chapter |
| Language: | English |
| Published: |
European Investment Bank
2022
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| Subjects: | |
| Online Access: | OAPEN Library: download the publication OAPEN Library: description of the publication |
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| Summary: | Small and medium-sized firms play a key role in the European economy. This paper uses statistical methods to estimate the effects of EIB financial support on European companies between 2008 and 2015. It shows that the effects of EIB supported lending on job creation and investments were larger for smaller and younger firms, and that longer maturities and more advantageous loan pricing are associated with larger employment and investment effects. The results suggest that benefits of the EIB support are more noticeable on an intensive margin, instead of on an extensive one. |
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| ISBN: | /doi.org/10.2867/571551 9789286152221 |
| Access: | Open Access |