Access to credit of SMES in the Czech republic during the financial crisis and in the post-crisis period

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dc.contributor.authorKoráb, Petrcs
dc.contributor.authorDluhá, Jitkacs
dc.coverage.issue4cs
dc.coverage.volume63cs
dc.date.issued2015-09-03cs
dc.description.abstractWe investigate the impact of the financial crisis on the access of small and medium-sized enterprises in the Czech Republic to external financing. We apply the non-parametric kernel density estimation on a firm-level measure of financing constraints and evaluate its distribution on a balanced panel of SMEs. We focus on financing constraints related to financial health of companies since they determine the commercial banks' lending behaviour. Our results reveal that firms were more constrained during the crisis and their financing constraints did not largely improve after the end of financial crisis. We argue that enterprises were financially constrained during the crisis because of reduced cash-flow and cash holdings.en
dc.description.abstractWe investigate the impact of the financial crisis on the access of small and medium-sized enterprises in the Czech Republic to external financing. We apply the non-parametric kernel density estimation on a firm-level measure of financing constraints and evaluate its distribution on a balanced panel of SMEs. We focus on financing constraints related to financial health of companies since they determine the commercial banks' lending behaviour. Our results reveal that firms were more constrained during the crisis and their financing constraints did not largely improve after the end of financial crisis. We argue that enterprises were financially constrained during the crisis because of reduced cash-flow and cash holdings.en
dc.formattextcs
dc.format.extent1297-1302cs
dc.format.mimetypeapplication/pdfcs
dc.identifier.citationActa Universitatis Agriculturae et Silviculturae Mendelianae Brunensis. 2015, vol. 63, issue 4, p. 1297-1302.en
dc.identifier.doi10.11118/actaun201563041297cs
dc.identifier.issn1211-8516cs
dc.identifier.orcid0000-0002-8060-0086cs
dc.identifier.other115866cs
dc.identifier.researcheridF-9027-2019cs
dc.identifier.scopus23490150100cs
dc.identifier.urihttp://hdl.handle.net/11012/201278
dc.language.isoencs
dc.publisherMendelucs
dc.relation.ispartofActa Universitatis Agriculturae et Silviculturae Mendelianae Brunensiscs
dc.relation.urihttps://acta.mendelu.cz/63/4/1297/cs
dc.rightsCreative Commons Attribution-NonCommercial-NoDerivatives 4.0 Internationalcs
dc.rights.accessopenAccesscs
dc.rights.sherpahttp://www.sherpa.ac.uk/romeo/issn/1211-8516/cs
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/cs
dc.subjectfi nancing constraintsen
dc.subjectKZ indexen
dc.subjectcredit crunchen
dc.subjectfi nancial acceleratoren
dc.subjectnonparametric estimationen
dc.subjectkernel densityen
dc.subjectfi nancing constraints
dc.subjectKZ index
dc.subjectcredit crunch
dc.subjectfi nancial accelerator
dc.subjectnonparametric estimation
dc.subjectkernel density
dc.titleAccess to credit of SMES in the Czech republic during the financial crisis and in the post-crisis perioden
dc.title.alternativeAccess to credit of SMES in the Czech republic during the financial crisis and in the post-crisis perioden
dc.type.driverarticleen
dc.type.statusPeer-revieweden
dc.type.versionpublishedVersionen
sync.item.dbidVAV-115866en
sync.item.dbtypeVAVen
sync.item.insts2025.10.14 14:11:24en
sync.item.modts2025.10.14 10:13:06en
thesis.grantorVysoké učení technické v Brně. Fakulta elektrotechniky a komunikačních technologií. Ústav radioelektronikycs
thesis.grantorVysoké učení technické v Brně. . Mendelova univerzita v Brněcs
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