Current theoretical and empirical research suggests that small banks have a comparative advantage in processing soft information and delivering relationship lending. The most comprehensive analysis of this view found using U.S. data that smaller SMEs borrow from smaller banks and smaller banks...

The employment effect of large firms on small firms has rarely been studied. Using establishment data in Japan, this study examines firms with the top 1% of sales, comparing the effect of such firms with many employees (more than the small- and medium-sized enterprise thresholds or 1000...

This study analyzes the difference in the decline in sales between small and medium-size enterprises and large firms (the "gap") following the outbreak of COVID-19 in 19 developing countries. The decline in sales as a percentage of the pre-pandemic level was bigger for small and medium-size...