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

dc.creator	LEITNER,SANDRA M
dc.creator	STEHRER,ROBERT
dc.date	2013-05-01
dc.date.accessioned	2019-04-25T12:41:59Z
dc.date.available	2019-04-25T12:41:59Z
dc.identifier	https://scielo.conicyt.cl/scielo.php?script=sci_arttext&pid=S0719-04332013000100001
dc.identifier.uri	http://revistaschilenas.uchile.cl/handle/2250/61274
dc.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.
dc.format	text/html
dc.language	en
dc.publisher	Pontificia Universidad Católica de Chile. Instituto de Economía.
dc.relation	10.7764/LAJE.50.1.1
dc.rights	info:eu-repo/semantics/openAccess
dc.source	Latin american journal of economics v.50 n.1 2013
dc.subject	Financial crisis
dc.subject	access to financing
dc.subject	capital structure
dc.subject	firm-level analysis
dc.subject	Latin America
dc.title	ACCESS TO FINANCE AND FUNDING COMPOSITION DURING THE CRISIS: A FIRM-LEVEL ANALYSIS OF LATIN AMERICAN COUNTRIES