Publicaciones

2018
Probabilidad de incumplimiento e indicadores de riesgo en la banca europea: un enfoque igualatorio
Purificación Parrado-Martínez / Pilar Gómez Fernández-Aguado / Antonio Partal Ureña

2015
Riesgo bancario, regulación y crédito a las pequeñas y medianas empresas
Pabro Ruiz Verdú / Patricia Boyallian / Carlos Bellón Núñez-Mera / Margarita Samartín Sáenz / Sergio Vicente / Jaime H. García-Palacios / Augusto Hasman / Gerald Dwyer

2014
Accounting conservatism in spanish banks and the drop in the supply of loans during the financial crisis
Inmaculada Díaz Sánchez / Manuel Illueca Muñoz / Isabel Martínez Conesa

2013
Análisis del poder explicativo de los modelos de riesgo de crédito: Una aplicación a empresas no financieras europeas
Antonio Trujillo Ponce / Reyes Samaniego Medina / Clara Cardone Riportella

2020
Responsible Business in a Changing World: New Management Approaches for Sustainable Development
Belén Díaz Díaz / Nicholas Capald / Samuel O. Idowu / René Schmidpeter (Editores)

2017
Asesoramiento Financiero: Seguros, Pensiones y Planificación de la Jubilación y Tributación de los Productos Financieros
Belén Díaz Díaz / Francisco Javier Martínez García (editores)
2020
Economic and institutional determinants of lease financing for European SMEs: An analysis across developing and developed countries.
Ana Mol-Gómez-Vázquez, Ginés Hernández-Cánovas y Johanna Köeter-Kant. Czech Journal of Economics and Finance.
Resumen:
Severe informational asymmetries, small size, unreliable financial statements and lack of collateral hamper the access of SMEs to traditional sources of debt financing. We use a survey data set of 4,583 SMEs from 25 European countries to analyse whether the use of leasing as a form of financing could fill the financing gap of constrained SMEs. We do so analysing whether the use of leasing by SMEs is triggered by the existence of financial constraints. Our findings indicate that after controlling for firm, bank and country-specific characteristics the likelihood of using leasing increases for financially constrained SMEs, which confirms our hypothesis. This paper contributes to the debate about differences in the use of lease financing between constrained and unconstrained SMEs, providing to the best of our knowledge, the first international evidence using a survey assessment of self-declared financial constraints for SMEs.
Cómo citar este artículo:
Mol-Gómez-Vázquez, A., Hernández-Cánovas, G., & Koëter-Kant, J. (2019). The use of leasing in financially constrained firms: An analysis for European SMEs. Czech Journal of Economics and Finance, 69(6), 538-557. https://journal.fsv.cuni.cz/mag/article/show/id/1449