Beck, Thorsten; Demirgüç-Kunt, Asli; Maksimovic, Vojislav - In: Journal of Financial Economics 89 (2008) 3, pp. 467-487
. Small firms and firms in countries with poor institutions use less external finance, especially bank finance. Protection of … bank finance. Small firms do not use disproportionately more leasing or trade finance compared with larger firms, so these … financing sources do not compensate for lower access to bank financing of small firms. We also find that larger firms more …