We study the firm-main bank relationship in a large sample of Italy's manufacturing enterprises. Our results show that the same firm tends to receive credit via different lending technologies. This complementarity across technologies may have an information basis, because the use of soft...

This paper investigates SME financing in Italy. The literature distinguishes between two main different lending technologies (LTs) for SMEs: transactional and relationship LTs. We find that banks lend to SMEs by using both LTs together, independently of the size and proximity of borrowers....