difficulties in raising bank finance than low-tech start-ups. We find that external credit scores do affect the availability of … credit for start-up firms, but that banks rely less on external rating information in their decision making for high … report less difficulties in getting credit. By contrast, a greater expertise of the bank in the firm’s industry is not …

firms to these firms’ credit constraints at two contrasting points of the business cycle. We show that relationship lending … alleviates credit constraints during a cyclical downturn but not during a boom period. The positive impact of relationship …

firms to these firms’ credit constraints at two contrasting points of the business cycle. We show that relationship lending … alleviates credit constraints during a cyclical downturn but not during a boom period. The positive impact of relationship …

firms to these firms’ credit constraints at two contrasting points of the business cycle. We show that relationship lending … alleviates credit constraints during a cyclical downturn but not during a boom period. The positive impact of relationship …

firms to these firms’ credit constraints at two contrasting points of the business cycle. We show that relationship lending … alleviates credit constraints during a cyclical downturn but not during a boom period. The positive impact of relationship …

firms to these firms' credit constraints at two contrasting points of the business cycle. We show that relationship lending … alleviates credit constraints during a cyclical downturn but not during a boom period. The positive impact of relationship …

firms to these firms' credit constraints at two contrasting points of the business cycle. We show that relationship lending … alleviates credit constraints during a cyclical downturn but not during a boom period. The positive impact of relationship …

firms to these firms' credit constraints at two contrasting points of the business cycle. We show that relationship lending … alleviates credit constraints during a cyclical downturn but not during a boom period. The positive impact of relationship …

firms to these firms' credit constraints at two contrasting points of the business cycle. We show that relationship lending … alleviates credit constraints during a cyclical downturn but not during a boom period. The positive impact of relationship …

firms to these firms' credit constraints at two contrasting points of the business cycle. We show that relationship lending … alleviates credit constraints during a cyclical downturn but not during a boom period. The positive impact of relationship …