whether an equity gap - or, more generally, a financing gap -exists. Reviewing the literature and available data sources, we … of financing (e.g. mezzanine capital) and appear very successful in doing so. -- Equity gap ; capital structure …

in one company (SNWI). Exposure to idiosyncratic risk increases cost of equity capital since higher equity returns are … required as compensation. This makes bank financing more attractive. We find that SNWI increases the demand for new bank loans …