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measured by both amounts and number, declined when economic conditions are poor. During the crisis years of 2008-2011, the … percentage of such originations fell significantly below the trend line, declining by about one-fourth from the pre-crisis period …
Persistent link: https://www.econbiz.de/10013492321
' sovereign exposures and their effects during and after the crisis. First, public, bailed out and poorly capitalized banks …
Persistent link: https://www.econbiz.de/10011541386
, particularly during different crisis type periods and origins. Foreign state-controlled banks' loan growth rates are higher than … credit growth during a home banking crisis, while foreign private-owned banks increase lending in the host countries … structure during the global financial crisis of 2008 and gain in importance in the post-crisis period. …
Persistent link: https://www.econbiz.de/10013193442
emerging market crisis to capture an adverse supply shock to bank capital, we show, consistent with the bright-side, that …
Persistent link: https://www.econbiz.de/10011800688
SME investment opportunities depend on the level of financing constraints that firms face. Earlier research has mainly focused on the controversial argument that cash flow-investment correlations increase with the level of these constraints. We focus on bank loans rather than cash flow. Our...
Persistent link: https://www.econbiz.de/10003774086
To sustain growth in an aging economy, it is important to ease the financing of small firms by bank loans. Using bank internal data of small business loans in Germany, we examine the determinants of loan rates in the period 1995-2010. Beyond characteristics of the firm, the loan contract, and...
Persistent link: https://www.econbiz.de/10010240075
We use loan-level data to study how the organizational structure of banks impacts small business lending. We find that decentralized banks ― where branch managers have greater autonomy over lending decisions ― give larger loans to small firms and those with “soft information”. However,...
Persistent link: https://www.econbiz.de/10013133434
It is widely recognized that small business is not only an important source of employment but is the genesis of virtually all successful large enterprises. Given their size and characteristic opaqueness, Small and Medium Enterprises (SMEs) tend to be more financially constrained than large firms...
Persistent link: https://www.econbiz.de/10013067046
This paper examines the characteristics of financial institutions that provide financing to new firms using a unique firm-bank match-level dataset of more than 3,000 unlisted small and medium-sized enterprises (SMEs) incorporated in Japan. We employ a within-firm estimator that perfectly...
Persistent link: https://www.econbiz.de/10012909062
This paper studies how bank market power affects firm creation in innovative industries. Theoretically, I show that the effect of bank market power is ambiguous. I exploit a 2012 policy intervention in Italy, designed to foster firm creation in innovative industries through public bank...
Persistent link: https://www.econbiz.de/10013251566