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dc.contributor.authorGerlach-Kristen, Petra
dc.contributor.authorO'Connell, Brian
dc.contributor.authorO'Toole, Conor
dc.date.accessioned2014-10-23T09:46:56Z
dc.date.available2014-10-23T09:46:56Z
dc.date.issued2014
dc.identifier.citationGerlach-Kristen, Petra; O'Connell, Brian; O'Toole, Conor. 'Do credit constraints affect SME investment and employment?'. - Economic & Social Review, Vol. xxx, No. xxx, Issue, Year, ppxxx-xxx,Dublin: Economic & Social Research Institute
dc.identifier.issn0012-9984
dc.identifier.otherJEL XXX
dc.identifier.urihttp://hdl.handle.net/2262/71702
dc.description.abstractThis paper explores the potential presence of credit constraints confronting Irish SMEs and investigates the impact of these constraints on firms’ employment and investment. Using new survey data collected by the Department of Finance, we define firms as credit rationed or discouraged borrowers and link these constraints to employment and the propensity to invest. We find a negative and significant effect of SME credit constraints on employment for firms that are discouraged from applying for credit. We also find a negative effect of constraints on the probability of an SME investing. This effect is driven by firms who are credit rationed when seeking capacity expansion loans.en
dc.language.isoen
dc.publisherEconomic & Social Studies
dc.sourceEconomic & Social Reviewen
dc.subjectcrediten
dc.subjectinvestmenten
dc.subjectSMEsen
dc.subjectemploymenten
dc.titleDo credit constraints affect SME investment and employment?
dc.typeJournal Article
dc.publisher.placeDublinen
dc.rights.ecaccessrightsopenAccess


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