Access to f inance and funding composition during the crisis: A f irm-level analysis of Latin American countries



Título del documento: Access to f inance and funding composition during the crisis: A f irm-level analysis of Latin American countries
Revue: Latin american journal of economics
Base de datos: CLASE
Número de sistema: 000399145
ISSN: 0719-0425
Autores: 1
1
Instituciones: 1Vienna Institute for International Economic Studies, Viena. Austria
Año:
Periodo: May
Volumen: 50
Número: 1
Paginación: 1-47
País: Chile
Idioma: Inglés
Tipo de documento: Artículo
Enfoque: Analítico
Resumen en inglés This paper describes the ef fects of the 2009 global f inancial crisis on f irms’ access to f inancing for investment projects. The analysis uses data from the Latin American and Caribbean Enterprise Surveys 2006 and 2010, demonstrating that during the crisis, the availability of internal sources was crucial for larger and foreign-owned f irms or f irms that were part of a group, while state-owned f irms did not enjoy any f inancial privileges. F irms sought greater bank and supply-chain f inancing, larger f irms used less internal funds, foreign f irms relied more on internal funds, while f irms that export and import used bank credits more intensively
Disciplinas: Economía
Palabras clave: Finanzas públicas,
Condiciones económicas,
Econometría,
Censos y estadísticas,
Crisis financiera,
América Latina,
Estructura de capital,
Análisis financiero
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