decisions of SMEs have been affected by credit constraints in the wake of the Great Recession. Variability in banks’ financial … health following the 2008 crisis is used as an exogenous determinant of firms' access to credit. Findings, relative to the … Belgian economy, clearly highlight that credit matters. They show that SMEs borrowing money from pre-crisis financially less …

investigate how employment decisions of small- and medium-sized enterprises (SMEs) have been affected by credit constraints in the … credit. Estimates suggest that SMEs borrowing money from pre-crisis less healthy banks were significantly more likely to be … affected by a credit constraint and, in turn, to adjust their labour input downwards than pre-crisis clients of more healthy …

decisions of SMEs have been affected by credit constraints in the wake of the Great Recession. Variability in banks' financial … health following the 2008 crisis is used as an exogenous determinant of firms' access to credit. Findings, relative to the … Belgian economy, clearly highlight that credit matters. They show that SMEs borrowing money from pre-crisis financially less …