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We present a theoretical and empirical analysis of the links between the gender of an entrepreneur, access to finance … medium enterprises, possibly, because in large firms borrowing is a less essential source of finance. An important policy …
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more willing to lend to SMEs. In this paper, we directly ask banks (the main providers of SME external finance) what … financing, especially long-term lending. -- small and medium enterprises, bank finance, financial constraints, banking market …
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Using a novel way to identify relationship and transaction banks, we study how banks' lending techniques affect funding to SMEs over the business cycle. For 21 countries we link the lending techniques that banks use in the direct vicinity of firms to these firms' credit constraints at two...
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Cash holdings at the onset of a financial crisis are a key determinant of investment by SMEs not only during the crisis but also during the recovery period. Cash-rich SMEs could maintain their capital stock during the global financial crisis, while cash-poor rivals reduced theirs. This gave...
Persistent link: https://www.econbiz.de/10012509557
We explore the sources of racial disparities in small business lending by studying the $806 billion Paycheck Protection Program (PPP), which was designed to support small business jobs during the COVID-19 pandemic. PPP loans were administered by private lenders but federally guaranteed, largely...
Persistent link: https://www.econbiz.de/10012643529
to finance, emphasizing their dependence on credit and cash flows. This study presents a new approach to the estimation …. It estimates both supply of and demand for MSME finance on a global scale, which has never been done in a comprehensive … categories, and applies this benchmark to MSMEs in developing countries. It estimates the MSME finance gap as the difference …
Persistent link: https://www.econbiz.de/10012645071