Market Finance as a Spare Tyre? Corporate Investment and Access to Bank Credit in Europe

Andersson, Malin; Maurin, Laurent; Rusinova, Desislava

doi:10.2139/ssrn.3942253

Cited by 2 publications

(4 citation statements)

References 30 publications

(23 reference statements)

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“…First, corporate profits did not decline that much (EIB, 2021). Second, bank lending spreads did not increase across countries (Altavilla et al, 2020), nor across borrower size (Andersson et al, 2021) 1 . Third, investment fell less compared to the investment in the GFC and the rise in unemployment was contained, thereby limiting the risks of scarring (Portès, 2020).…”

Section: Introductionmentioning

confidence: 87%

“…We analyse the factors that can enable firms to recover stronger from the crisis, reaching higher productivity levels. We estimate linear and non-linear probability models to explain the 1 Andersson et al (2021) show that adverse bank lending supply shocks such as those occurring during the GFC/SDC lower loan volumes and rise size spreads as the tightened loan supply has been more adverse for small corporations with limited market access.…”

Section: Introductionmentioning

confidence: 99%

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Firm-level policy support during the crisis: So far, so good?

Harasztosi

Maurin

Pál

et al. 2022

International Economics

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Section: Introductionmentioning

confidence: 87%

Section: Introductionmentioning

confidence: 99%

Firm-level policy support during the crisis: So far, so good?

Harasztosi

Maurin

Pál

et al. 2022

International Economics

Self Cite

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“…Andersson et al (2021) show that when driven by a financial shock, as during the previous crisis, tightened financial conditions impair loan provision, widening borrowing spreads by country and by borrower size.…”

mentioning

confidence: 93%

“…staff calculations based on the ECB andAndersson et al (2021). Note:Bayesian vector autoregression (BVAR) estimations based onAndersson et al (2021). The unconditional projection starts in the second quarter of 2021.…”

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confidence: 99%

EIB Investment Report 2023/2024: Transforming for competitiveness

2024

EIB Investment Report

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The European economy is under pressure. Growth is slowing and competitive challenges are rising, all while EU firms navigate the demands of the green transition. Coordinated support from national governments and EU institutions proved critical after the COVID-19 pandemic, helping Europe to bolster its resilience to future shocks and spurring the investment needed to transform and modernise the economy. As a result, progress was made in digitalisation, energy efficiency, decarbonisation and reinforcing supply chains. The pace of change needs to accelerate, however, even as investment becomes harder to sustain. To remain competitive, the European Union and its members need to improve productivity, encourage innovation, address skill gaps, develop new technologies and supporting young, dynamic firms. The report, which is based on the EIB Group’s annual Investment Survey, provides insights on how EU firms are dealing with these pressures, and whether they are taking the necessary steps to transform their businesses. The report’s Key Findings are available here. Contents Part I Sustaining investment in challenging times 1. The macroeconomic environment 2. Government investment 3. Corporate investment Part II Accelerating transformation for competitiveness 4. Innovation in the global context 5. Investing in green transformation Data annex Glossary of terms and acronyms

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Market Finance as a Spare Tyre? Corporate Investment and Access to Bank Credit in Europe

Cited by 2 publications

References 30 publications

Firm-level policy support during the crisis: So far, so good?

Firm-level policy support during the crisis: So far, so good?

EIB Investment Report 2023/2024: Transforming for competitiveness

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