We use a unique dataset to estimate the impact of a large credit supply shock on employment in Spain. We exploit marked … credit more than other banks. We compare employment changes from 2006 to 2010 at firms heavily indebted to weak banks before … the crisis and the rest. Our estimates imply that these firms suffered an additional employment drop between 3 and 13 …

We use a unique dataset to estimate the impact of a large credit supply shock on employment in Spain. We exploit marked … credit more than other banks. We compare employment changes from 2006 to 2010 at firms heavily indebted to weak banks before … the crisis and the rest. Our estimates imply that these firms suffered an additional employment drop between 3 and 13 …

credit. We find that, for employment, household access to bank loans matters more than firm access to bank loans. In addition …, consumer installment loans may have contributed significantly to the drop in employment in the manufacturing sector. …

credit. We find that, for employment, household access to bank loans matters more than firm access to bank loans. In addition …, consumer installment loans may have contributed significantly to the drop in employment in the manufacturing sector …

This paper takes advantage of access to detailed matched bank-firm data to investigate whether and how employment … constraints have been essentially detrimental for employment among SMEs experiencing a negative demand shock or facing strong … product market competition. In terms of human resources management, credit constraints are not only found to foster employment …

investigate whether and how employment decisions of small- and medium-sized enterprises (SMEs) have been affected by credit … counterparts not facing such constraints. Yet, findings also indicate that employment consequences of credit shortages depend … detrimental for employment among SMEs experiencing a negative demand shock or facing severe product market competition. Finally …

This paper takes advantage of access to detailed matched bank-firm data to investigate whether and how employment … constraints have been essentially detrimental for employment among SMEs experiencing a negative demand shock or facing strong … product market competition. In terms of human resources management, credit constraints are not only found to foster employment …