The SME Finance Gap in The European Union

Thorsten Beck and Natalie Kessler

No 2023/07, RSCAS Working Papers from European University Institute

Abstract: This paper presents SME financing gaps across European countries over the period 2013 to 2020, using two different methodologies, one reliant on firm balance sheets and one on firm-level surveys. We show significant variation in financing gaps across countries and sectors. Variation over time, on the other hand, is not as strong or intuitive. The account- and survey-based measures are only weakly correlated with each other, reflecting their different nature, and both are only weakly correlated with a survey-based measure of self-reported firm financing constraints.

Keywords: SME Finance; financing gap; firm-level surveys; access to banking (search for similar items in EconPapers)
Date: 2023-03
New Economics Papers: this item is included in nep-eec, nep-ent, nep-fdg and nep-sbm
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Persistent link: https://EconPapers.repec.org/RePEc:rsc:rsceui:2023/07

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