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Comparability

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Business Dynamics, Business Statistics
Alina Grecu
+45 3917 3731

agc@dst.dk

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SME Access to Finance

The statistics provides updated information on small and medium-sized enterprises' access to finance in light of the financial crisis. The 2018 statistics is an update of previous surveys covering the periods 2007, 2009/2010 and 2014. for 2007 and 2009/2010 results for a number of other European Member States are also available. To provide the best basis for comparability over time, the survey has been repeated with an almost unchanged contents.

Comparability - geographical

The survey covering the periods 2007 and 2009/2010 was carried out in 2010 as part of a larger, European survey on SME access to finance. For these periods, international results are available. The subsequent surveys for 2014 and 2018 were not part of a larger European survey, so comparative results are not available for these.

Comparability over time

To provide the best basis for comparability over time, the survey has been repeated with an almost unchanged contents.

Coherence - cross domain

Danmarks Nationalbank (the Danish Central Bank) produces a quarterly lending survey, collecting information from the largest banks and mortgage banks in Denmark, i.e. the banks in the Danish Financial Supervisory Authority's groups 1 and 2 as well as the five largest mortgage banks. The corporate sector part of the survey covers 1) changes in the institutions' credit policy; 2) factors contributing to changes in the credit policy; 3) changes in the institutions' credit conditions and terms; 4) changes in loan demand from respectively new and existing customers; and 5) changes in default rates and losses given default.

Coherence - internal

Internal consistency in the data is good. A number of checks and validation mechanisms are built into the digital questionnaire. This includes filter and routing (e.g. so that information cannot be reported in fields, where the enterprise should not provide any information). Once data is received by Statistics Denmark a number of additional checks are performed. These include logical controls and correction of logical inconsistencies (for example, if an enterprises has not sought to obtain loan finance and states that this is due to no need for finance, but the enterprise later in the questionnaire then states that it has sought to obtain other forms of finance). In addition, reporting enterprises have the opportunity to provide supplementary or explanatory remarks in the digital form. All remarks have been read and taken into account for possibly correcting the provided information.