Lu, Shun; Glushenkova, Marina; Huang, Wei; Matthews, Kent - 2024
enhance the quality of the analysis by using direct measures of firms' spending on bank relationships and their financial … constraints, drawn from a recent survey on SMEs in China. Our findings are twofold. On one hand, bank relationship spending … SMEs to secure more bank credit and longer-term loans, it also results in higher interest rates, increased guarantee …