firms that report a need for credit, but did not apply for a loan, have the lowest incidence and amount of investment. Our …

these firms' future financial performance? (2) Does this predictability vary across different stages of the credit cycle … relationship is primarily present in the expansionary stages of the credit cycle. This suggests that a firm's current bank lender … applicants. The finding that this primarily occurs in credit cycle expansions is consistent with theory models that predict that …

these fi rms' future fi nancial performance? (2) Does this predictability vary across different stages of the credit cycle … relationship is primarily present in the expansionary stages of the credit cycle. This suggests that a fi rm's current bank lender … applicants. The fi nding that this primarily occurs in credit cycle expansions is consistent with theory models that predict that …

We evaluate the effects of government loan guarantees (GLGs) on small- and medium-sized enterprises’ (SMEs) credit … to 2019. Our findings suggest that establishing GLGPs increases SMEs’ credit availability by significantly increasing the …

growth of promising young firms. A model of liquidity-constrained entrepreneurs suggests that the easing of credit … would bring about. We explore this growth mechanism using a large-scale program to expand the supply of credit to small and … medium enterprises in Brazil. Local credit supply shocks generate greater firm entry but also greater exit with no effect on …

growth of promising young firms. A model of liquidity-constrained entrepreneurs suggests that the easing of credit … would bring about. We explore this growth mechanism using a large-scale program to expand the supply of credit to small and … medium enterprises in Brazil. Local credit supply shocks generate greater firm entry but also greater exit with no effect on …