Small businesses (SMEs) depend on banks for credit. We show that the severity of the Eurozone crisis was worse in … banks while foreign banks' lending to the real sector stayed flat. Hence, SMEs remained dependent on domestic banks and were … countries where firms borrowed more from domestic banks ("domestic bank dependence") than in countries where firms borrowed more …

firms' access to credit markets plays an important role in explaining this stylized fact: business cycle fluctuations in … addition, better access of small firms to credit markets in the wake of state-level banking deregulation during the 1980s seems … better access to credit markets may have made it easier for the owners of small firms to smooth income in the face of adverse …

’ higher rate of borrowing from fintechs compared to smaller banks is particularly large in places with high racial animus … private lenders but federally guaranteed, largely eliminating unobservable credit risk as a factor in explaining differential … loan from a fintech lender than a traditional bank. Among conventional lenders, smaller banks were much less likely to lend …

We study the sensitivity of banks' credit supply to small and medium size enterprises (SMEs) in the UK to banks … and bank headquarters). However, during the crisis, we find that SMEs with in their vicinity banks that have stronger … branches in the UK, we connect firms' access to bank credit to the financial condition (i.e., bank health and the use of core …

bank and a crowdlending platform and show that the entry of crowdlending can induce a switching effect as well as a credit … reduced the small business loans originated by banks, in particular, in the low- or moderate-income tracts as well as in the …

more willing to lend to SMEs. In this paper, we directly ask banks (the main providers of SME external finance) what … to shape banks' willingness to deal with SMEs. The paper shows that, despite alleged differences in the countries … banks in both countries. In particular, banks have begun to target SMEs due to the significant competition in the corporate …

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 cash-rich SMEs a competitive advantage during the recovery, resulting in a …

medium enterprises, possibly, because in large firms borrowing is a less essential source of finance. An important policy …

influencing the borrowing success of SMEs and that more sophisticated financial information and adverse selection are largely …-sized enterprises (SMEs). We conjecture that easy-to-understand risk ratings conveyed by the platform play a pronounced role in … absent in these markets. We introduce a dataset of 414 SME marketplace loans and 8,236 online loan days to test these …