The Microeconomic Impact on Growth of SMEs When the Access to Finance Widens: Evidence from Internet & High-tech Industry

The paper studies the impact on growth of SMEs in Europe when the access to finance increases, and the respective correlation between credit evaluation and accounting ratios. The research supporting the findings involved a sample of 1327 enterprises, and will be conducted by a multiple regression econometric model. The aim of this analysis is to identify the relationship between growth, solvency, and liquidity accounting ratios. The expected outcome of this paper is that growth of SMEs is strongly dependent on the financial access. Furthermore the author addresses the governmental decision makers with recommendations to ease the access to finance.