Key Sources of Funds in the Wake of the
Eurozone Crisis 2012-2013: Survey Snapshot
Reference code: MS1011SS
Published: October 2012
Timetric and VRL
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© Timetric and VRL. This report is a licensed product and is not to be photocopied
TABLE OF CONTENTS
TABLE OF CONTENTS
1 Introduction ..................................................................................................................5
1.1 What is this Report About? .................................................................................................... 5
1.2 Definitions .............................................................................................................................. 5
1.3 Methodology .......................................................................................................................... 5
1.4 Profile of Survey Respondents ............................................................................................... 7
2 Key Sources of Funds in 2012–2013 ..........................................................................8
2.1 Key Sources of Funds – Manufacturing Sector ...................................................................... 8
2.2 Key Sources of Funds – Service Sector ............................................................................... 10
2.3 Key Sources of Funds by Company Turnover ...................................................................... 12
3 Appendix ..................................................................................................................... 13
3.1 Full Survey Results .............................................................................................................. 13
3.2 Methodology ........................................................................................................................ 20
3.3 Contact Us ........................................................................................................................... 20
3.4 About Timetric...................................................................................................................... 20
3.5 About VRL Financial News .................................................................................................. 21
3.6 Disclaimer ............................................................................................................................ 21
Key Sources of Funds in the Wake of the Eurozone Crisis 2012-2013: Survey Snapshot Page 2
© Timetric and VRL. This product is licensed and is not to be photocopied Published: October 2012
TABLE OF CONTENTS
LIST OF FIGURES
Figure 1: Key Sources of Funds in the Manufacturing Sector in Europe (%), 2012–2013 .......................................................................... 9
Figure 2: Key Sources of Funds in the Service Sector in Europe (%), 2012–2013 ...................................................................................10
Figure 3: Key Sources of Funds by Company Turnover in Europe (% 'Increase' responses), 2012–2013 ................................................12
Key Sources of Funds in the Wake of the Eurozone Crisis 2012-2013: Survey Snapshot Page 3
© Timetric and VRL. This product is licensed and is not to be photocopied Published: October 2012
TABLE OF CONTENTS
LIST OF TABLES
Table 1: Eurozone Crisis Survey Respondents by Company Type, 2012 .................................................................................................. 7
Table 2: European Respondents by Job Role (%), 2012 ........................................................................................................................... 7
Table 3: European Respondents by Company Turnover (%), 2012 .......................................................................................................... 7
Table 4: Key Sources of Funds in the Manufacturing Sector in Europe (%), 2012–2013 ........................................................................... 9
Table 5: Key Sources of Funds in the Service Sector in Europe (%), 2012–2013 ....................................................................................10
Table 6: Full Survey Results – Closed Questions ....................................................................................................................................13
Key Sources of Funds in the Wake of the Eurozone Crisis 2012-2013: Survey Snapshot Page 4
© Timetric and VRL. This product is licensed and is not to be photocopied Published: October 2012
INTRODUCTION
1 Introduction
1.1 What is this Report About?
This report aims to identify the key sources of fund used by companies in the manufacturing and service
sectors across Europe and identify how the eurozone crisis has impacted the use of these sources.
Respondents were asked: “In the coming year, what change do you expect to see in the use of following
source of funds for your funding needs?”
1.2 Definitions
Manufacturing sector: All companies which use machines and tools to convert raw materials in to
finished goods on a large scale for the purpose of sale are considered in this sector.
Service sector: All companies that provide services to individuals, organizations and governments
are referred as belonging to the service sector. Activities in the service sector include retail,
banking, hotels, real estate, education, health, social work, transport, computer services, recreation,
media, communications, electricity, gas and water supply.
Eurozone crisis: An ongoing financial crisis that has made it difficult or impossible for some
countries in the euro area to refinance their government debt without the assistance of third parties.
Exchange rate: An exchange rate between two currencies is the rate at which one currency will be
exchanged for another.
European Commission: The European Commission (EC) represents the general interest of the
European Union (EU) and is the driving force in proposing legislation (to Parliament and the
Council), administering and implementing EU policies, enforcing EU law (jointly with the Court of
Justice) and negotiating in the international arena.
Company turnover: companies with turnover of less than US$100 million are identified in the
report as small companies. Companies with turnover of between US$100 million–US$1 billion are
referred to as medium-sized companies, and companies with turnover of more than US$1 billion as
large companies.
1.3 Methodology
All Timetric and VRL reports are rigorously sourced and created according to a comprehensive three-
stage methodology:
1) Online survey
The research source in this report is based on the surveyed opinions and expectations of highly
engaged and senior industry professionals. Timetric and VRL conducted an extensive online survey in
Key Sources of Funds in the Wake of the Eurozone Crisis 2012-2013: Survey Snapshot Page 5
© Timetric and VRL. This product is licensed and is not to be photocopied Published: October 2012
INTRODUCTION
July 2012, which was taken by 175 senior global industry buyers and suppliers. These respondents
cover C-level executives, directors, managers and technical and professional staff.
The survey’s respondents were drawn from the Timetric and VRL Industry Insight Panel, an exclusive
industry panel covering over 2 million business professionals worldwide. Respondents represent a
dedicated professional community where participants are surveyed ‘in context’, drawn from our industry
magazine and media communities, including the readership of Finance Director Europe, Future
Banking, Banking Business Review as well as delegate relationships across Timetric and VRL’s global
industry conference and forum events. These business communities are made up of highly engaged,
qualified professionals who rely on Timetric and VRL’s flagship media brands in their respective
markets, enabling Timetric and VRL to access knowledgeable and informed industry opinions.
2) Secondary research
A collection of the latest market-specific data from a wide variety of respected third-party industry
sources:
Government statistics
Industry associations
Company filings
Broker reports
International organizations
Industry news websites
Industry reports
3) Data analysis and report writing
The results of this research have been analyzed and evaluated by Timetric and VRL’s in-house
industry-specific analysts. Our analysts’ research and analysis expertise, history in marketing, market
research, consulting background in their industry, and ongoing education on leading macroeconomic
and industry news have shaped their analytical judgments and conclusions of the industry opinions
gathered.
4) Quality control
A) Templates
Detailed process manuals
Standardized report templates and accompanying style guides
Advanced data analysis and survey programming tools
QC checklists
B) QC process
Randomized spot checks on data integrity
Peer review
Senior-level QC
Key Sources of Funds in the Wake of the Eurozone Crisis 2012-2013: Survey Snapshot Page 6
© Timetric and VRL. This product is licensed and is not to be photocopied Published: October 2012
INTRODUCTION
1.4 Profile of Survey Respondents
Our in-depth industry survey was completed by 175 respondents, employed by the organizations shown
in the table below:
Table 1: Eurozone Crisis Survey Respondents by Company Type, 2012
Company Type Number of Respondents
Manufacturing sector 79
Service sector 96
Overall 175
Source: Timetric and VRL Industry Survey 2012 © Timetric and VRL
Respondents in the manufacturing sectors included employees operating in agriculture