Financial constraints are frictions that prevent firms from funding all desired investments, which might affect firm value and aggregate economic activity. We investigate whether and how bank governance, especially private vs. non-private bank ownership, affects financial constraints of small...

Deregulation of financial systems, internationalisation of financial markets andglobalisation of product markets have led to considerable changes in theinstitutional and economic environment of banks and small and medium sizedenterprises (SMEs)...