Firms can be identified as high growth, stable or declining. This paper investigates the links between these different phases in the life of a firm, investment activity, financing needs and financing constraints. Using the representative EIBIS survey of EU companies, it finds that firms in a high growth phase are more likely to apply for equity financing and more likely to
Read Online EIB Working Papers 2019/03 - Financing and obstacles for high growth enterprises: the European case - European Investment Bank | PDF
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