{"id":113702,"date":"2024-01-22T18:39:02","date_gmt":"2024-01-22T17:39:02","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/113702\/"},"modified":"2024-11-07T04:15:35","modified_gmt":"2024-11-07T03:15:35","slug":"austrias-small-and-medium-sized-enterprises-in-the-financial-market-crisis","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/113702\/","title":{"rendered":"Austria's Small and Medium-sized Enterprises in the Financial Market Crisis"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-113702","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"The global financial crisis, which had its origins in the bursting of the real estate bubble in the USA, has affected the confidence in the functionality of the modern banking and financial system. Such a situation poses the threat of a reduction of credit supply, which can lead to an outright credit crunch. As a result of insufficient access to capital markets, small and medium-sized enterprises would be particularly vulnerable to a credit crunch. In Austria, a section of small and medium-sized enterprises has been hit by the decrease in demand and deterioration of financing conditions. However, this does not constitute an overall credit crunch for small enterprises.","onlinedate":"2010-04-14 02:00:00","lang":"English","publication_series":"","publication_date":"20100401","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[\"Financial Market Crisis; Small and Medium-sized Enterprises; Financing SMEs\"]","jelcodes":"[]","related_publications":"[]","pdf":336649,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"15","monthly_report_pages":"121-126","monthly_report_pages_sort":"121","issue":"1","journal":"Austrian Economic Quarterly","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[183747],"research_groups":[3491,3500],"collaboration":"","persons":[3607],"persons_data":"[{\"personId\":3607,\"personName\":\"Werner H\u00f6lzl\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\"><span>H\u00f6lzl, W.<\\\/span> (2010). <span>Austria's Small and Medium-sized Enterprises in the Financial Market Crisis<\\\/span>. <span><em>Austrian Economic Quarterly<\\\/em><\\\/span>, <em>15<\\\/em>(1), 121-126. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/39083\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/39083<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>H\u00f6lzl W<\\\/span>. <span class=\\\"title\\\"><span>Austria's Small and Medium-sized Enterprises in the Financial Market Crisis<\\\/span><\\\/span>. <span>Austrian Economic Quarterly<\\\/span>. 2010 Apr;15(1):121-126.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{5c8a84807fbb4bbbbf366ebf99a5041a,<\\\/div><div>  title    = \\\"Austria's Small and Medium-sized Enterprises in the Financial Market Crisis\\\",<\\\/div><div>  abstract = \\\"The global financial crisis, which had its origins in the bursting of the real estate bubble in the USA, has affected the confidence in the functionality of the modern banking and financial system. Such a situation poses the threat of a reduction of credit supply, which can lead to an outright credit crunch. As a result of insufficient access to capital markets, small and medium-sized enterprises would be particularly vulnerable to a credit crunch. In Austria, a section of small and medium-sized enterprises has been hit by the decrease in demand and deterioration of financing conditions. However, this does not constitute an overall credit crunch for small enterprises.\\\",<\\\/div><div>  keywords = \\\"Financial Market Crisis; Small and Medium-sized Enterprises; Financing SMEs, Financial Market Crisis; Small and Medium-sized Enterprises; Financing SMEs\\\",<\\\/div><div>  author   = \\\"Werner H{\\\\\\\"o}lzl\\\",<\\\/div><div>  note     = \\\"Financial Market Crisis: Small and Medium-sized Enterprises\\\",<\\\/div><div>  year     = \\\"2010\\\",<\\\/div><div>  month    = apr,<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  volume   = \\\"15\\\",<\\\/div><div>  pages    = \\\"121--126\\\",<\\\/div><div>  journal  = \\\"Austrian Economic Quarterly\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_contributiontoperiodical rendering_ris rendering_contributiontoperiodical_ris\\\"><p>TY  - GEN<\\\/p><p>T1  - Austria's Small and Medium-sized Enterprises in the Financial Market Crisis<\\\/p><p>AU  - H\u00f6lzl, Werner<\\\/p><p>N1  - Financial Market Crisis: Small and Medium-sized Enterprises<\\\/p><p>PY  - 2010\\\/4<\\\/p><p>Y1  - 2010\\\/4<\\\/p><p>N2  - The global financial crisis, which had its origins in the bursting of the real estate bubble in the USA, has affected the confidence in the functionality of the modern banking and financial system. Such a situation poses the threat of a reduction of credit supply, which can lead to an outright credit crunch. As a result of insufficient access to capital markets, small and medium-sized enterprises would be particularly vulnerable to a credit crunch. In Austria, a section of small and medium-sized enterprises has been hit by the decrease in demand and deterioration of financing conditions. However, this does not constitute an overall credit crunch for small enterprises.<\\\/p><p>AB  - The global financial crisis, which had its origins in the bursting of the real estate bubble in the USA, has affected the confidence in the functionality of the modern banking and financial system. Such a situation poses the threat of a reduction of credit supply, which can lead to an outright credit crunch. As a result of insufficient access to capital markets, small and medium-sized enterprises would be particularly vulnerable to a credit crunch. 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