TY  - GEN
T1  - EIB Working Paper 2022/01
A1  - European Investment Bank
A1  - Harasztosi, Péter
A1  - Maurin, Laurent
A1  - Pál, Rozália
A1  - Revoltella, Debora
A1  - van der Wiel, Wouter
LA  - eng
PB  - European Investment Bank
YR  - 2022
UL  - https://ebooks.jgu.edu.in/Record/doab-20.500.12854-81284
AB  - During the COVID-19 crisis, the European corporate ecosystem avoided major disruptions, and corporate bankruptcy rates even declined. This outcome mostly resulted from the strength of support from monetary, financial supervisory and fiscal policies.    Using the 2021 vintage of the EIB Investment Survey (EIBIS) matched with balance sheet data on firms' profits and losses, this paper investigates what has driven the allocation of fiscal policy support and the impact of this support during the investment recovery. It finds that support was largely directed towards firms that were most affected by the crisis in terms of lost sales, and was not tilted firms already weak before the crisis. It also shows that the firms that benefitted from this support tend to be more optimistic in their investment plans, especially with regard to digital technologies.
SN  - 9789286152108
KW  - Business & Economics
KW  - Corporate Finance
KW  - thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFH Corporate finance
ER  -