Is financial health a determinant of export market participation? Is it an outcome? Using a
panel of 9292 UK manufacturing firms over the period 1993–2003, we explore the links …

We first estimate the effects of a euro area‐wide monetary policy change on output growth in
eleven industries of seven euro area countries over the period 1980–98. On average the …

This paper investigates the link between corporate debt and investment for a group of five
peripheral euro area countries. Using firm-level data from 2005 to 2014, we postulate a non …

Purpose The goal of this paper is twofold. First, to examine the role of expectations in
shaping agents' behaviour within an extended time frame which incorporates a prolonged …

In this paper we study the role of the stock market in the transmission mechanism in the euro
area and evaluate whether price stability and financial stability are mutually consistent and …

This study examines the effect of bank concentration on financing constraints of non-
financial firms in 14 European countries between 1992 and 2005. Using firm-level data we …

In this study, the empirical evidence regarding small-and medium-sized enterprises'(SMEs)
growth determinants allows us to conclude that:(1) stimulating factors are cash flow and …

Recent empirical evidence based on microdata panels indicates the importance of banks'
balance sheets for the monetary transmission mechanism. This paper builds a dynamic …

Using balance sheet data for a panel of UK listed firms, we find evidence of a bank lending
channel of monetary transmission. A higher interest rate induces more bank lending to listed …

This paper analyses the effects of a change in monetary policy on firms' investment in
Germany, France, Italy and Spain using a data set which provides aggregated balance …