Norden, Norden, L. - Erasmus Research Institute of Management (ERIM), … - 2015
__Abstract__ Banks play a crucial role for the financing of small and medium-sized enterprises (SMEs). SMEs represent a … obtain more credit and/or lower loan rates under relationship lending. Furthermore, bank competition makes benefits for … borrowers more likely. The second conclusion is that trade credit has limited scope to replace bank debt when the latter is …