Mittelstandsfinanzierung: Rahmenbedingungen, Status Quo und Entwicklung

Carl Heinz Daube, Harald Dobernig, Marco Becker and Markus Peskes

EconStor Preprints from ZBW - Leibniz Information Centre for Economics

Abstract: Small and midcap companies are the backbone of the German economy with respect to employment, contribution to GDP, tax payments, share at world market, innovation – to mention just a few. Hence, it is important that economic and political conditions are favorable for small and midsize enterprises. The article takes a closer look at the funding conditions for companies of the non-financial sector using data starting 2002 analyzing the usage of bank loans and turnover. The statistical outcome suggests that there is often a strong correlation between bank loans and turnover. However, it also suggests the traditional funding from banks is becoming less important and direct funding instruments using capital markets becoming more important.

Keywords: Mittelstand; Mittelstandsfinanzierung (search for similar items in EconPapers)
JEL-codes: F0 (search for similar items in EconPapers)
Date: 2017
New Economics Papers: this item is included in nep-ent
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:esprep:156177

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