bank credit conditions for issuer firms, both at the firm-bank and firm level. We compare new loans granted to issuer firms … bank loans of the same maturity than non-issuer firms, suggesting an improvement in their bargaining power with banks. In … addition, issuer firms reduce the amount of used bank credit but increase the overall amount of available external funds …

of larger out-of-state banks and a decrease in the number of branches of existing local banks. As a result, small … declined by 5.4% and remained lower for several years. The decline in credit supply eventually led to a decrease in the number … demonstrate the critical dependence of small businesses on relationship lending by local banks and show how temporary negative …

of larger out-of-state banks and a decrease in the number of branches of existing local banks. As a result, small … declined by 5.4% and remained lower for several years. The decline in credit supply eventually led to a decrease in the number … demonstrate the critical dependence of small businesses on relationship lending by local banks and show how temporary negative …