Hernandez-Canovas, Gines; Koeter-Kant, Johanna - VU University Amsterdam, Faculty of Economics, Business … - 2006
4959 SMEs from 19 European countries. Our data shows that (1) SMEs in countries with inefficient loan enforcement … fragility, and (3) multiple banking is more likely for SMEs in countries with larger banking systems as well as smaller and less … active securities markets. Overall, this evidence suggests that SMEs need multiple banking as a diversification mechanism to …
