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Credit Rationing in P2P Lending to SMEs : Do Lender-Borrower Relationships Matter?

Galema, Rients - 2020

This paper studies the role of individual P2P investors that are acquainted with the borrower in mitigating credit rationing in P2P lending to SMEs. I use proprietary data provided by one of the biggest Dutch P2P lending platforms, on which personal acquaintances of the borrower are able to...

Persistent link: https://www.econbiz.de/10012845813

Financial constraint and productivity : evidence from Canadian SMEs

Cao, Shutao; Leung, Danny - 2016

The degree to which financial constraint is binding is often not directly observable in commonly used business data sets (e.g., Compustat). In this paper, we measure and estimate the likelihood of a firm being constrained by external financing using a data set of small- and medium-sized Canadian...

Persistent link: https://www.econbiz.de/10011538963

Firms' resilience to financial constraints : the role of trade credit

Marcelin, Isaac; Brink, Daniel; Sun, Wei - 2021

We study the role of trade credit in enhancing the resilience of financially constrained firms from 2010 to 2017. Implicit borrowing in trade finance allows financially constrained firms to bridge the financing gap, expand employment by 8.26 per cent, and increase average firm profits...

Persistent link: https://www.econbiz.de/10012509277

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

Distances and Small Business Credit Constraints : The French Case

Djedidi, Salima - 2013

paper is to evaluate the impact of these two trends on small and medium-sized enterprise (SME) lending. Our findings on …

Persistent link: https://www.econbiz.de/10013088171

Finance and Growth at the Firm Level : Evidence from SBA Loans

Brown, J. David - 2016

We analyze linked databases on all SBA loans and lenders and on all U.S. employers to estimate the effects of financial access on employment growth. Estimation exploits the long panels and variation in ease of access to SBA lenders. The results imply an increase of 3 to 3.5 jobs for each million...

Persistent link: https://www.econbiz.de/10013004055

Firm Characteristics and Credit Constraints across SMEs in the Philippines

Flaminiano, John Paul - 2019

enterprises (SMEs) in the Philippines. In particular, we determined whether an SME's firm characteristics are correlated to the … associated with a lower predicted probability of being credit-constrained for the average SME in our sample. However, with the … average SME is quasi-constrained. This implies that the firm characteristics that are significant in accessing finance solely …

Persistent link: https://www.econbiz.de/10012858269

Finance and Growth at the Firm Level : Evidence from SBA Loans

Brown, J. David - 2015

Persistent link: https://www.econbiz.de/10013016226

Banking Consolidation and Small Businessfinance : Empirical Evidence for Germany

Marsch, Katharina - 2016

-sized enterprises (SME). We measure the financing opportunities of SMEs based on the bank debt/assets ratio and the logarithmized credit … consolidation process. In addition, we observe that the concentration in the banking market is insignificant for SME financing and …

Persistent link: https://www.econbiz.de/10012989293

Credit constrained firms and government subsidies: evidence from a European Union program

Goel, Tirupam; Lang, Péter; Balogh, Eszter; Banai, Ádám - 2021

In this paper a new instrument for monetary policy shocks is presented. Exogenous variation of the policy rate may come from frictions of collective decision-making. Dissenting votes indicate how far the final decision of the decision making body is from the mean of the members' individually...

Persistent link: https://www.econbiz.de/10012797466