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Minority small-firm credit applicants : does persistence pay?

Kim, Grace - In: Journal of entrepreneurial finance : JEF ; official … 15 (2011) 2, pp. 91-106

When credit application experiences are examined, minority-owned small firms are not the discouraged borrowers that credit outcome studies generally suggest. This paper examines repeated application for credit by small firms. Univariate statistical analysis reveals that persistence is necessary...

Persistent link: https://www.econbiz.de/10010345495

Intra-Financial Lending, Credit, and Capital Formation

Montecino, Juan - 2017

This paper examines the effects of intra-financial lending – claims between financial institutions – on aggregate investment and credit to the non-financial sector in the United States. Building on Montecino, Epstein, and Levina (2014) we document a large growth in intra-financial assets...

Persistent link: https://www.econbiz.de/10012970750

Lender-Borrower Relationships and Loan Origination Costs

Ostromogolsky, Philip - 2017

Using a recently developed method of causal inference, this paper estimates the additional up-front loan origination costs that a small business can expect to pay when it first borrows from a new lender. I compare firms that borrow from a previously unused financial institution with firms that...

Persistent link: https://www.econbiz.de/10012957943

Within-Syndicate Conflicts and Financial Contracts : Evidence from Bank Loans

Dass, Nishant - 2015

Using a sample of bank loans, we study how financial contracts are different when there are conflicts of interest not only between the contracting parties but within one of the contracting parties. Such conflicts can arise in lending syndicates when, for instance, the lead arranger has the...

Persistent link: https://www.econbiz.de/10013037303

Credit Supply Shocks, Financial Constraints and Investments for Small and Medium-sized Firms

Hetland, Ove Rein - 2018

In this paper, we find that reduced credit supply reduces firm investments in our sample of small private firms. The effect is strongest for the least financially constrained firms. We use a representative survey of identified Norwegian firms that is linked with financial, bank account and...

Persistent link: https://www.econbiz.de/10012940395

Bank liquidity provision across the firm size distribution

Chodorow-Reich, Gabriel; Darmouni, Olivier; Luck, Stephan; … - 2020

Using loan-level data covering two-thirds of all corporate loans from U.S. banks, we document that SMEs (i) obtain much shorter maturity credit lines than large ﬁrms; (ii) have less active maturity management and therefore frequently have expiring credit; (iii) post more collateral on both...

Persistent link: https://www.econbiz.de/10012309187

Does corruption affect access to bank credit for micro and small businesses? : evidence from European MSMEs

Galli, Emma; Mascia, Danilo V.; Rossi, Stefania - 2017

In this paper, we aim to assess how a specific socio-institutional environment, identified according to the level of corruption, may affect the access to credit for micro, small, and medium-sized enterprises (MSMEs). Using a sample of 68,115 observations - drawn from the ECB-SAFE survey -...

Persistent link: https://www.econbiz.de/10011671595

External financing and economic activity in the euro area : why are bank loans special?

Aldasoro, Iñaki; Unger, Robert - 2017

Using a Bayesian vector autoregression (BVAR) identified with a mix of sign and zero restrictions, we show that a restrictive bank loan supply shock has a strong and persistent negative impact on real GDP and the GDP deflator. This result comes about even though flows of other sources of...

Persistent link: https://www.econbiz.de/10011632175

External Financing and Economic Activity in the Euro Area : Why are Bank Loans Special?

Aldasoro, Iñaki; Unger, Robert - 2021

Persistent link: https://www.econbiz.de/10013315466

[Access to Bank Credit and SME Financing. (Case of Kosovo) Paper Title]

Nure, Gazmend - 2021

their study, evidence that some SMEs may still face difficulties in accessing bank finance. This paper reports an in …-depth study into demand issues relating to access to bank finance by Kosovo SMEs and whether there is still a market failure. This … paper discusses the ability of SMEs to access debt finance from the commercial banks in Kosovo obtained through …

Persistent link: https://www.econbiz.de/10013236424