ACCESS TO FINANCE AND FUNDING COMPOSITION DURING THE CRISIS: A FIRM-LEVEL ANALYSIS OF LATIN AMERICAN COUNTRIES

This paper describes the effects of the 2009 global financial crisis on firms' access to financing 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 w...

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Autores principales:	LEITNER,SANDRA M, STEHRER,ROBERT
Lenguaje:	English
Publicado:	Pontificia Universidad Católica de Chile. Instituto de Economía. 2013
Materias:	Financial crisis access to financing capital structure firm-level analysis Latin America
Acceso en línea:	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0719-04332013000100001
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spelling	oai:scielo:S0719-043320130001000012013-09-24ACCESS TO FINANCE AND FUNDING COMPOSITION DURING THE CRISIS: A FIRM-LEVEL ANALYSIS OF LATIN AMERICAN COUNTRIESLEITNER,SANDRA MSTEHRER,ROBERT Financial crisis access to financing capital structure firm-level analysis Latin America This paper describes the effects of the 2009 global financial crisis on firms' access to financing 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 firms or firms that were part of a group, while state-owned firms did not enjoy any financial privileges. Firms sought greater bank and supply-chain financing, larger firms used less internal funds, foreign firms relied more on internal funds, while firms that export and import used bank credits more intensively.info:eu-repo/semantics/openAccessPontificia Universidad Católica de Chile. Instituto de Economía.Latin american journal of economics v.50 n.1 20132013-05-01text/htmlhttp://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0719-04332013000100001en10.7764/LAJE.50.1.1
institution	Scielo Chile
collection	Scielo Chile
language	English
topic	Financial crisis access to financing capital structure firm-level analysis Latin America
spellingShingle	Financial crisis access to financing capital structure firm-level analysis Latin America LEITNER,SANDRA M STEHRER,ROBERT ACCESS TO FINANCE AND FUNDING COMPOSITION DURING THE CRISIS: A FIRM-LEVEL ANALYSIS OF LATIN AMERICAN COUNTRIES
description	This paper describes the effects of the 2009 global financial crisis on firms' access to financing 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 firms or firms that were part of a group, while state-owned firms did not enjoy any financial privileges. Firms sought greater bank and supply-chain financing, larger firms used less internal funds, foreign firms relied more on internal funds, while firms that export and import used bank credits more intensively.
author	LEITNER,SANDRA M STEHRER,ROBERT
author_facet	LEITNER,SANDRA M STEHRER,ROBERT
author_sort	LEITNER,SANDRA M
title	ACCESS TO FINANCE AND FUNDING COMPOSITION DURING THE CRISIS: A FIRM-LEVEL ANALYSIS OF LATIN AMERICAN COUNTRIES
title_short	ACCESS TO FINANCE AND FUNDING COMPOSITION DURING THE CRISIS: A FIRM-LEVEL ANALYSIS OF LATIN AMERICAN COUNTRIES
title_full	ACCESS TO FINANCE AND FUNDING COMPOSITION DURING THE CRISIS: A FIRM-LEVEL ANALYSIS OF LATIN AMERICAN COUNTRIES
title_fullStr	ACCESS TO FINANCE AND FUNDING COMPOSITION DURING THE CRISIS: A FIRM-LEVEL ANALYSIS OF LATIN AMERICAN COUNTRIES
title_full_unstemmed	ACCESS TO FINANCE AND FUNDING COMPOSITION DURING THE CRISIS: A FIRM-LEVEL ANALYSIS OF LATIN AMERICAN COUNTRIES
title_sort	access to finance and funding composition during the crisis: a firm-level analysis of latin american countries
publisher	Pontificia Universidad Católica de Chile. Instituto de Economía.
publishDate	2013
url	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0719-04332013000100001
work_keys_str_mv	AT leitnersandram accesstofinanceandfundingcompositionduringthecrisisafirmlevelanalysisoflatinamericancountries AT stehrerrobert accesstofinanceandfundingcompositionduringthecrisisafirmlevelanalysisoflatinamericancountries
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ACCESS TO FINANCE AND FUNDING COMPOSITION DURING THE CRISIS: A FIRM-LEVEL ANALYSIS OF LATIN AMERICAN COUNTRIES

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