important insights for policy makers as they continue to deal with the credit access issues of small firms. …

lending. Taking advantage of the internal reporting system of a large federal credit union, we delineate three important …

A simple approach to explicit estimating a credit limit for a firm that is based on Moody's KMV model is developed. It … less credit limit; the more level of confidence, the lower credit limit, and the more volatility of return on assets, the … less credit limit. The result of the estimation of credit limit on an unsecured loan to a firm is given. A contribution of …

allocation of resources. Specifically, we investigate credit allocation decisions of banks to firms inside the network. Using a … quasi-experimental research design, we document misallocation of bank credit inside the network, with state-owned banks … engaging most actively in crony lending. The aggregate cost of credit misallocation amounts to 0.13 percent of annual GDP. Our …

-sheet insolvency whereas a zombie firm is a distressed company that has received new credit. We carry out several analyses to test the … receiving new credit. However, the main bank of a distressed firm is more reluctant to restrict the credit supply to this firm …

elite networks affect the allocation of resources. Specifically, we investigate credit allocation decisions of banks to … firms inside the network. Using a quasi-experimental research design, we document misallocation of bank credit inside the …

whereas a zombie firm is a distressed company that has received new credit. We carry out several analyses to test the validity … receiving new credit. However, the main bank of a distressed firm is more reluctant to restrict the supply of credit to such …

firms. The study is based on the credit files of the respective firms. If no problems occur in these lending relationships …, the traditional view of credit assessment as observation of the quality of a borrower's investment programme needs to be …