Hardee, Polly T. - In: Journal of Entrepreneurial Finance 12 (2008) 3, pp. 23-46
Using the 1998 Survey of Small Business Finances and banking data to produce a bank-firm match, the author tests for … firm’s most important source of financial services, its primary bank. The author employs a two-step Heckman procedure to … test the likelihood a small firm has bank debt, then conditional upon having debt, the level of credit outstanding. By …