Following Miles and Snow’s Business Strategy (BS) topology, we find that banks imposerelatively higher loan spreads for the firms that follow an Innovation-Oriented Business Strategy(IOBS). We further document that IOBS is positively associated with corporate risk measures suchas variances in...

In Thailand, the government has long recognized the importance of small and medium-sized enterprises (SMEs) to the economy and has given a large amount of financial support to this sector. Still, SMEs are not able to catch up with larger enterprises and the constraints to SME financing remain...