Cornille, David; Rycx, François; Tojerow, Ilan - 2017
investigate whether and how employment decisions of small- and medium-sized enterprises (SMEs) have been affected by credit … exogenous determinant of firms' access to credit. Two-stage least squares and bivariate probit estimates suggest that SMEs … borrowing money from pre-crisis less healthy banks were significantly more likely to be affected by a credit constraint and, in …