Chakravarty, Sugato; Yilmazer, Tansel - In: Financial Management 38 (2009) 4, pp. 781-816
"We develop a multistage model of the loan granting process to understand the contradictory findings of the existing literature on bank-borrower relationships, credit availability, and loan rates. Upon estimating our model with the 1993, 1998, and 2003 versions of the Survey of Small Business...