of these enterprises is their difficulty in accessing finance from banks and other financial institutions. The Credit … is a credit guarantee program initiated by the Bangko Sentral ng Pilipinas that enables enterprises and cooperatives to … nongovernment organizations, local government units, institutions such as the Development Bank of the Philippines, the Land Bank of …

In this paper we analyze the access to credit of innovative firms on the price and non-price dimensions of bank lending … in innovative processes. Further, innovative firms have a lower probability of being credit rationed than their non …

We analyze the causal effect of the credit supply shock to banks induced by interbank market disruptions in the recent … financial crisis 2008/2009 on their business customers’ innovation activity. Using a matched bank-firm data set for Germany, we … find that having relations with a more severely affected bank seriously hampers firms’ current innovation activities due to …

, using a difference-in-difference methodology. The Act tightened traditional bank credit standards on business loans …

Using data at the bank‐firm level for a large sample of small firms collected through the 8th UniCredit Survey … access to lending and volume of credit granted. First we find that the status of innovative firm is associated with the … possibility of being weakly credit‐rationed, as perceived by surveyed firms, while we do not observe any evidence of banks …

market-friendly business model and supporting scheme to help SMEs gain access to credit on a sustainable basis. Given the …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 …

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 guarantees. The policy increased firm creation in innovative industries by 50%, but the …

through which the intensity of bank-firm relationship supports SMEs' international activities. … Medium Enterprises (SME), their probability to export (i.e. the extensive margin) and their share of exports on total sales …'s debt with its main bank to firm's total assets. Our results show that the strength of the bank-firm relation has a positive …

, which is the risk that a new technology has negative spillovers on the value of a bank's legacy loan portfolio. Using both … overhang. These results hold for two distinct measures of asset overhang and using bank mergers as a source of exogenous … variation in bank specialization. We further show that these heterogeneous effects arise through financial contracting. Overall …