Mid Sweden University

miun.sePublications
Planned maintenance
A system upgrade is planned for 10/12-2024, at 12:00-13:00. During this time DiVA will be unavailable.
Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
The 2008–2009 global financial crisis and the cost of debt capital among SMEs: Swedish evidence
Mid Sweden University, Faculty of Human Sciences, Department of Economics, Geography, Law and Tourism. (CER)
Mid Sweden University, Faculty of Human Sciences, Department of Economics, Geography, Law and Tourism. (CER)ORCID iD: 0000-0001-5731-0489
2021 (English)In: Journal of economic studies, ISSN 0144-3585, E-ISSN 1758-7387, Vol. 48, no 6, p. 1097-1110Article in journal (Refereed) Published
Abstract [en]

Purpose: The main purpose of this study is to describe and analyse the relationship between the 2008–2009 global financial crisis and small and medium-sized enterprises' cost of debt capital. Design/methodology/approach: Statistical methods, including multiple OLS and dynamic panel data, were used to analyse a longitudinal cross-sectional panel dataset of 3865 Swedish SMEs operating in five industry sectors over the 2008–2015 period. Findings: The results suggest that the cost of debt was influenced by the financial crisis and another macroeconomic factor, i.e. the interbank interest rate, and by firm-specific factors such as firm size and lagged cost of debt. Originality/value: To the authors' best knowledge, this is one of few studies to examine the cost of debt among SMEs during the crisis and post-crisis periods using data from a large-scale, longitudinal, cross-sectional database. 

Place, publisher, year, edition, pages
2021. Vol. 48, no 6, p. 1097-1110
Keywords [en]
Cost of debt, Cross-sectional sample, Dynamic panel-data approach, Global financial crisis, SMEs
National Category
Economics and Business
Identifiers
URN: urn:nbn:se:miun:diva-40009DOI: 10.1108/JES-02-2020-0064ISI: 000574298300001Scopus ID: 2-s2.0-85091448992OAI: oai:DiVA.org:miun-40009DiVA, id: diva2:1473510
Available from: 2020-10-06 Created: 2020-10-06 Last updated: 2021-08-13Bibliographically approved

Open Access in DiVA

No full text in DiVA

Other links

Publisher's full textScopus

Authority records

Yazdanfar, DarushÖhman, Peter

Search in DiVA

By author/editor
Yazdanfar, DarushÖhman, Peter
By organisation
Department of Economics, Geography, Law and Tourism
In the same journal
Journal of economic studies
Economics and Business

Search outside of DiVA

GoogleGoogle Scholar

doi
urn-nbn

Altmetric score

doi
urn-nbn
Total: 354 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf