Clustering of European SMEs According to Their Financial Behaviour
This study carries out a holistic cluster analysis of the financing structure of 13 103 SMEs in 27 EU Member States, Iceland, Liechtenstein, and Norway, and 9 343 SMEs in the euro area Member States countries based on a dataset provided by the European Central Bank from the Survey on the Access to...
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| Format: | Article |
| Language: | English |
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Corvinus University of Budapest
2024-12-01
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| Series: | Köz-gazdaság |
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| Online Access: | https://retp.eu/index.php/retp/article/view/1576 |
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| _version_ | 1841550909496098816 |
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| author | Ádám Balog Benedek Lits |
| author_facet | Ádám Balog Benedek Lits |
| author_sort | Ádám Balog |
| collection | DOAJ |
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This study carries out a holistic cluster analysis of the financing structure of 13 103 SMEs in 27 EU Member States, Iceland, Liechtenstein, and Norway, and 9 343 SMEs in the euro area Member States countries based on a dataset provided by the European Central Bank from the Survey on the Access to Finance of Enterprises (SAFE) in the 27th and 28th rounds, respectively. The study approaches the topic through a 2015 EIF research while developing it further in several manners. It defines five distinct types of financing: Self-financed SMEs, Credit-financed and subsidised SMEs, Flexibly financed SMEs, Supplier-financed SMEs and Lease-financed SMEs. Our results revealed different patterns and attitudes towards financing, based on variables such as country, sector, and size, which may support policymakers in finding appropriate measures to deal with the various types of SMEs.
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| format | Article |
| id | doaj-art-4e1cac4091254f5fa3b18a3a78236b8a |
| institution | Kabale University |
| issn | 1788-0696 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | Corvinus University of Budapest |
| record_format | Article |
| series | Köz-gazdaság |
| spelling | doaj-art-4e1cac4091254f5fa3b18a3a78236b8a2025-01-09T20:16:58ZengCorvinus University of BudapestKöz-gazdaság1788-06962024-12-0119410.14267/RETP2024.04.02Clustering of European SMEs According to Their Financial BehaviourÁdám Balog0Benedek Lits1Founder CEO, Promid Ltd.PhD student, Corvinus University of Budapest This study carries out a holistic cluster analysis of the financing structure of 13 103 SMEs in 27 EU Member States, Iceland, Liechtenstein, and Norway, and 9 343 SMEs in the euro area Member States countries based on a dataset provided by the European Central Bank from the Survey on the Access to Finance of Enterprises (SAFE) in the 27th and 28th rounds, respectively. The study approaches the topic through a 2015 EIF research while developing it further in several manners. It defines five distinct types of financing: Self-financed SMEs, Credit-financed and subsidised SMEs, Flexibly financed SMEs, Supplier-financed SMEs and Lease-financed SMEs. Our results revealed different patterns and attitudes towards financing, based on variables such as country, sector, and size, which may support policymakers in finding appropriate measures to deal with the various types of SMEs. https://retp.eu/index.php/retp/article/view/1576SMEfinancial behaviourattitudeM210 |
| spellingShingle | Ádám Balog Benedek Lits Clustering of European SMEs According to Their Financial Behaviour Köz-gazdaság SME financial behaviour attitude M210 |
| title | Clustering of European SMEs According to Their Financial Behaviour |
| title_full | Clustering of European SMEs According to Their Financial Behaviour |
| title_fullStr | Clustering of European SMEs According to Their Financial Behaviour |
| title_full_unstemmed | Clustering of European SMEs According to Their Financial Behaviour |
| title_short | Clustering of European SMEs According to Their Financial Behaviour |
| title_sort | clustering of european smes according to their financial behaviour |
| topic | SME financial behaviour attitude M210 |
| url | https://retp.eu/index.php/retp/article/view/1576 |
| work_keys_str_mv | AT adambalog clusteringofeuropeansmesaccordingtotheirfinancialbehaviour AT benedeklits clusteringofeuropeansmesaccordingtotheirfinancialbehaviour |