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Does the Financial Crisis Change the Effect of Financing on Investment? Evidence From Private SMEs

Zubair, Siraz - 2020

The paper examines the real effects of the financial crisis for private firms. Analyzing a novel dataset from the Netherlands and controlling for multiple key factors, we find that investments of small and medium-sized private enterprises reduced significantly during and after the financial...

Persistent link: https://www.econbiz.de/10012844709

Small-Business Financing after the Financial Crisis : Lessons from the Literature

Miller, Stephen Matteo - 2018

important role that the financial services industry, particularly bank credit, plays in the capital structure of small firms …

Persistent link: https://www.econbiz.de/10012935669

Exploring SME's Financing Behaviour During Crisis : Empirical Evidence from Catalonia, Spain

Li, Xiaoni - 2014

Decision in forms of financing continues to be one of the most significant challenges for the survival and growth of SMEs. The current economic and financial crisis, which is considered by many economists as the severest one along history since 1930s, highlighted dramatically the importance of...

Persistent link: https://www.econbiz.de/10013048065

Stress tests and small business lending

Cortés, Kristle R.; Demyanyk, Yuliya; Li, Lei; … - In: Journal of financial economics 136 (2020) 1, pp. 260-279

Persistent link: https://www.econbiz.de/10012545434

The role of trust in the divergent development of alternative lending channels in the UK and Germany

Wardrop, Robert Hugh - 2019

Persistent link: https://www.econbiz.de/10012518133

Bank leverage choices of French SMEs : a quantile analysis

Benkraiem, Ramzi; Gurau, Calin; Hoang, Thi Hong Van; … - In: International journal of entrepreneurship and small … 43 (2021) 4, pp. 570-597

Persistent link: https://www.econbiz.de/10012612936

Small Bank Financing and Funding Hesitancy in a Crisis : Evidence from the Paycheck Protection Program

Balyuk, Tetyana; Prabhala, Nagpurnanand; Puri, Manju - 2021

We study the delivery of subsidized financing to small firms through the Paycheck Protection Program (PPP). Smaller firms are less likely to gain early PPP access, an effect attenuated in small banks and firms with prior lending relationships. Their more even treatment offers a new rationale,...

Persistent link: https://www.econbiz.de/10013224246

Finance or Demand : What drives the Responses of Young and Small Firms to Financial Crises?

Giannoulakis, Stelios; Sakellaris, Plutarchos - 2022

rates is driven by both credit constraints and unexpected demand shocks, the excess decline in young firms is driven by … drop in total output of the Greek economy during the crisis, with credit constraints and firm-level unexpected demand …

Persistent link: https://www.econbiz.de/10013292027

Shocks Abroad, Pain at Home? Bank-Firm Level Evidence on the International Transmission of Financial Shocks

Ongena, Steven - 2015

-owned banks contract their credit more during the crisis than locally-funded domestic banks do. Firms dependent on credit and with …

Persistent link: https://www.econbiz.de/10013035354

Shocks Abroad, Pain at Home? Bank-Firm Level Evidence on the International Transmission of Financial Shocks

Ongena, Steven - 2013

Europe and Central Asia. We find that internationally-borrowing domestic and foreign-owned banks contract their credit more … during the crisis than domestic banks that are funded only locally. Firms that are dependent on credit and at the same time … intangible assets suffer most. For credit-independent firms, there are no differential effects. Our findings suggest that …

Persistent link: https://www.econbiz.de/10013078687