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Designing Financial Support for SMEs during Crises : the Role of Bank Lending

Wang, Tianxi; Wang, Xuan - 2021

When designing schemes to help SMEs survive crises, the government typically faces asymmetric information, so that it cannot target the SMEs most worth saving. We show that the government can exploit the information in the borrower loan demand to improve policy targets compared with existing...

Persistent link: https://www.econbiz.de/10013313894

Fintech and Racial Barriers in Small Business Lending

Fei, Celine Yue; Yang, Keer - 2022

Using a nationwide restaurant sample, we document that minority-owned businesses are more likely to apply to the Paycheck Protection Program through fintech than traditional lenders. We motivate our analysis by a two-sided matching model where this phenomenon can be generated through "technology...

Persistent link: https://www.econbiz.de/10013322836

Distant lending, specialization, and access to credit

Di, Wenhua; Pattison, Nathaniel - 2019

Small business lending has historically been very local, but distances between small businesses and their lenders have steadily increased over the last forty years. This paper investigates a new lending strategy made possible by distant small business lending: industry specialization. Using data...

Persistent link: https://www.econbiz.de/10012230524

Sources of the small firm financing premium : evidence from euro area banks

Holton, Sarah; McCann, Fergal - 2017

The post-2008 period in the euro area was characterised by sharp dispersion in borrowing costs faced by firms, across both countries and firm types. This dispersion was an important manifestation of the financial fragmentation" which hampered the smooth transmission of accommodative monetary...

Persistent link: https://www.econbiz.de/10011697389

When the going gets tough, the tough get going

Fredriksson, Antti; Maresch, Daniela; Fink, Matthias; … - In: Journal of entrepreneurial finance : JEF ; official … 19 (2017) 1, pp. 83-104

A bank’s lending decision is affected by the amount of information it can access and by its capability to manage this information. The latter aspect implies that the bank has to decide whether borrowers should be managed in a local branch of the bank or in its headquarters. By looking at a...

Persistent link: https://www.econbiz.de/10011991266

Financing small and medium-sized enterprises in Thailand : the importance of bank loans and financing diversification

Ramcharran, Harri - In: Journal of entrepreneurial finance : JEF ; official … 19 (2017) 2

Bank loans are the main sources of financing the Small and Medium-Sized Enterprises (SME) sector of the Thai economy … lending; this necessitates the efficient use of available funds and strategies to diversify SME financing. Using data from … productivity to be greater than one for: (a) SME output per unit of SME and (b) SME output per Baht loan. This satisfactory …

Persistent link: https://www.econbiz.de/10011991350

Federal Home Loan Bank advances and small business lending

Davidson, Travis R.; Simpson, W. Gary - In: Journal of entrepreneurial finance : JEF ; official … 18 (2016) 1, pp. 1-21

Adequate credit availability for small businesses is an important public policy issue because small businesses are essential for employment and economic growth for the economy. The Gramm-Leach-Bliley Act of 1999 includes a provision that could potentially support financial institutions in the...

Persistent link: https://www.econbiz.de/10011991395

Commercial bank small business lending pre and post crisis

Jacques, Kevin T.; Moylan, Richard; Nigro, Peter J. - In: Journal of entrepreneurial finance : JEF ; official … 18 (2016) 1, pp. 22-48

We analyze small business lending at U.S. commercial banks, how it has changed over time and how it differs by bank size. Specifically, we examine the impact of government policy intervention on small business lending in the aftermath of the financial crisis. We find several important results....

Persistent link: https://www.econbiz.de/10011991398

Problems and opportunities for leveraging SME finance through value chains in Azerbaijan

Aliyev, Samir - 2019

SME sector in the Kyrgyz Republic as well as the sector of individual entrepreneurs and peasant farmers. Four selected … gaps for the SME sector in building resilient global value chain supplies.The paper outlines the contribution of small and … SME owner/managers and higher interest rates offered by banks are among the factors restricting SME access to finance. The …

Persistent link: https://www.econbiz.de/10012024505

Young enterprises and bank credit denials

Mascia, Danilo V. - 2018

By employing a sample of 20,956 observations of non-financial SMEs headquartered in the Euro area, between 2009 and 2015, we test whether young businesses are more likely to face credit rejections from lenders than their older peers. Our findings appear to confirm our suspicions that new...

Persistent link: https://www.econbiz.de/10011845249