Ongena, Steven; Pinoli, Sara; Rossi, Paola; Scopelliti, … - 2021
reform that took place in Italy in 2012, i.e. the introduction of ‘minibonds’, which opened a new market-based funding … opportunity for unlisted firms. Using the Italian Credit Register, we investigate the impact of minibond issuance on bank credit … conditions for issuer firms, both at the firm-bank and firm level. We compare new loans granted to issuer firms with new loans …