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Does innovation affect credit access? : new empirical evidence from Italian small business lending

Bellucci, Andrea; Favaretto, Ilario; Giombini, Germana - 2014

In this paper we analyze the access to credit of innovative firms on the price and non-price dimensions of bank lending. Using information from two datasets, we use a propensity score matching procedure to estimate the impact of the innovative nature of firms on: (a) loan interest rates; (b) the...

Persistent link: https://www.econbiz.de/10010419911

Relationship lending : that ship has not sailed for community banks

Holod, Dmytro; Peek, Joe; Torna, Gökhan - 2024 - This version: April 2024

This study provides direct evidence of the value to banks arising from relationship lending by estimating the market premium placed on banking organizations' small business loan portfolios. Using data from the small business loan survey contained in the June bank Call Reports, we find that small...

Persistent link: https://www.econbiz.de/10014529121

Financial inclusion, regulation, and education in Germany

Neuberger, Doris - 2015

Germany's bank-based financial system provides a high level of financial inclusion, measured by bank outreach and use of financial services. However, the most vulnerable individuals and small enterprises in Germany tend to be excluded or credit constrained. The quality of financial inclusion is...

Persistent link: https://www.econbiz.de/10010532087

Market Size Structure and Small Business Lending : Are Crisis Times Different from Normal Times?

Berger, Allen N. - 2014

Conventional wisdom holds that small banks have comparative advantages vis-à-vis large banks in serving small firms, while recent literature suggests this may not be the case. Using a panel of recent US start-ups, we investigate how small bank presence affects these firms in normal times...

Persistent link: https://www.econbiz.de/10013063973

Do Small Businesses Still Prefer Community Banks?

Berger, Allen N. - 2014

We formulate and test hypotheses about the role of bank type – small versus large, single-market versus multimarket, and local versus nonlocal banks – in banking relationships. The conventional paradigm suggests that "community banks" – small, single market, local institutions – are...

Persistent link: https://www.econbiz.de/10013061506

Information Asymmetry and Foreign Currency Borrowing by Small Firms

Ongena, Steven - 2013

We model how an information asymmetry between the lending bank and the applying firm about the currency structure of firm revenues may affect loan currency choice. Our framework features a trade-off between the lower cost of foreign currency debt and the costs of currency induced loan default....

Persistent link: https://www.econbiz.de/10013092463

Employment effects of R&D and innovation : evidence from small and medium-sized firms in emerging markets

Goel, Rajeev K.; Nelson, Michael A. - 2021

This paper studies the impact of research and development (R&D) and innovation on employment growth, focusing on small … and medium-sized firms. Employment effects of R&D and innovation are unclear a priori as process innovation may be labor … both R&D and innovation increased employment growth, suggesting that innovation was either capital-saving or labor had …

Persistent link: https://www.econbiz.de/10012607080

Is relationship lending special? : evidence from credit-file data in Germany

Elsas, Ralf; Krahnen, Jan Pieter - 1998 - This draft: February 24, 1998

The German financial market is often characterized as a bank-based system with strong bank-customer relationships. The corresponding notion of a housebank is closely related to the theoretical idea of relationship lending. It is the objective of this paper to provide a direct comparison between...

Persistent link: https://www.econbiz.de/10009768845

Employment effects of R&D and process innovation : evidence from small and medium-sized firms in emerging markets

Goel, Rajeev K.; Nelson, Michael A. - In: Eurasian business review 12 (2022) 1, pp. 97-123

Persistent link: https://www.econbiz.de/10013175231

Failure prediction models: performance, disagreements, and internal rating systems

Mitchell, Janet; Van Roy, Patrick - 2007

We address a number of comparative issues relating to the performance of failure prediction models for small, private firms. We use two models provided by vendors, a model developed by the National Bank of Belgium, and the Altman Z-score model to investigate model power, the extent of...

Persistent link: https://www.econbiz.de/10011506644

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