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Do Banks or VCs Spur Small Firm Growth?
Cole, Rebel A. - 2015
It is well accepted that access to entrepreneurial finance encourages entrepreneurship and growth. Empirical studies on topic, however, segregate the effect of entrepreneurial finance on entrepreneurship by the source of capital. In this paper, we compare the effect of two main sources of...
Persistent link: https://www.econbiz.de/10013032014
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The real effects of FinTech lending on SMEs : evidence from loan applications
Eça, Afonso; Ferreira, Miguel A.; Prado, Melissa Porras; … - 2022
businesses who already have access to bank credit. Firms use FinTech to obtain long-term unsecured loans and reduce their … increase leverage and substitute long-term bank debt with FinTech debt. Our findings suggest that FinTech allows firms to … preserve financial exibility, reduce their bank dependence and exposure to banking shocks. …
Persistent link: https://www.econbiz.de/10012818733
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Long-Lasting Bank Relationships and Growth of Firms
Gambini, Alessandro - 2010
A puzzling but consistent result in the empirical literature on banking is that firms with close bank ties do not grow … faster than bank-independent firms. In this paper, we reconsider the link between relationship lending and firms' growth … and health status. We explore the influence of long-lasting bank relationships on employment and asset growth of a large …
Persistent link: https://www.econbiz.de/10013141411
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The Banking Sector's Financial Performance in January-July 2021 : Profit Growth
Zubov, Sergey - 2021
In January-August 2021, the banking sector’s profit hit the record-high of Rb1.4 trillion on the back of a pickup in lending volumes and simultaneous reduction in loan-loss provisions. Growth in revenues from commission operations owing to increased income from settlement and cash services and...
Persistent link: https://www.econbiz.de/10013322189
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Banks in Space
Oberfield, Ezra; Rossi-Hansberg, Esteban; Trachter, Nicholas - National Bureau of Economic Research - 2024
We study the spatial expansion of banks in response to banking deregulation in the 1980s and 90s. During this period, large banks expanded rapidly, mostly by adding new branches in new locations, while many small banks exited. We document that large banks sorted into the densest markets, but...
Persistent link: https://www.econbiz.de/10014512110
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The relationship between investment and internal cash flows in VC-backed SMEs : does firm size matter?
Serrasqueiro, Zélia; Sardo, Filipe; Félix, Elisabete … - In: Journal of entrepreneurial finance : JEF ; official … 21 (2019) 1, pp. 38-56
VC-backed SME investment. The moderation effect of VC ownership reduces the magnitudes of the positive impact of cash …
Persistent link: https://www.econbiz.de/10012241535
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Long-lasting bank relationships and growth of firms
Gambini, Alessandro; Zazzaro, Alberto - 2010
A puzzling but consistent result in the empirical literature on banking is that firms with close bank ties do not grow … faster than bank-independent firms. In this paper, we reconsider the link between relationship lending and firms' growth … and health status. We explore the influence of long-lasting bank relationships on employment and asset growth of a large …
Persistent link: https://www.econbiz.de/10003981984
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Finance and growth at the firm level : evidence from SBA loans
Brown, J. David; Earle, John S. - 2015
We analyze linked databases on all Small Business Administration (SBA) loans, on all SBA lenders, and on all U.S. employers to estimate the effects of financial access on employment growth. Our methods combine regressions with matching on firm age, size, industry, year, and employment history,...
Persistent link: https://www.econbiz.de/10011309136
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Who's afraid of big bad banks? : bank competition, SME, and industry growth
Inklaar, Robert; Koetter, Michael; Noth, Felix - 2012
We test how bank market power influences technical change and resource allocation of informationally opaque firms. We … use a dataset with approximately 700,000 firm-year observations of German small and medium-sized enterprises (SME) to … identify the effect of bank market power using the dependence on external finance per industry and the regional demarcation of …
Persistent link: https://www.econbiz.de/10009660031
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Banking Deregulation, Local Credit Supply, and Small Business Growth
Krishnamurthy, Prasad - 2014
I show that the deregulation of bank branching in the United States lowered the sensitivity of small business growth to … business growth. Using the history of litigation over the scope of state bank regulation, I show these results continue to hold … bank deregulation played an important role in insuring small businesses against local shocks to credit supply …
Persistent link: https://www.econbiz.de/10013065414