Zambaldi, Felipe; Aranha, Francisco; Lopes, Hedibert; … - In: Journal of Business Research 64 (2011) 3, pp. 309-315
Transaction costs limit the supply of credit to small and medium-sized firms (SMEs). From a sample of 65,535 SME credit proposals submitted to a large Brazilian bank between January 2004 and September 2006, this research analyzes credit granting decisions. Results suggest that small firms face...