Mounting evidence indicates that firms, particularly SMEs, suffered from a significant credit crunch during this crisis …. Little research exists on how SMEs coped with this problem due to a lack of data in the U.S. and elsewhere. We analyse for … the first time whether trade credit provided an alternative source of external finance to SMEs during the crisis. Using …

that firms employ both as borrowers and lenders (100 words). -- SMEs ; financing constraints ; bank lending ; trade credit … ; predictability …

Access to external finance is a key challenge for the creation, survival and growth of SMEs. This article delves into …

and Medium Sized Enterprises (SMEs), in the aftermath of the financial crisis of 2008. It demonstrates that the reduction … in the supply of funds to SMEs was compounded by the contraction of net trade credit within the sector. Nevertheless …, trade credit played a vital role in the adjustment of the sector by easing the burden of financial crisis for some SMEs …

new Japanese database on small and midsized enterprises (SMEs) that contains information on the strength of the buyer …