distances between firms and their credit suppliers. While their data only cover through 1993, they conjecture that the pace of … higher credit quality firms and firms with more experienced ownership realizing greater gains in distance than other firms … of either lines of credit or multiple types of credit, distances increased very little or not at all during the decade …

German banking system is deemed ideal for SME finance. However, as banking regulation requires the use of rating systems for … screening, it can no longer be assumed that modern regional banks "naturally" conduct credit decisions at lower distances to … shows that the regional savings bank does not always reach credit decisions at a lower distance. However, at the moment when …

regulatory reform which allowed unlisted firms to issue minibonds. Using the Italian Credit Register, we compare new loans … power with banks. Issuer firms also reduce the amount of used bank credit, expand their total and fixed assets, and raise …

-based funding opportunity for unlisted firms. Using the Italian Credit Register, we investigate the impact of minibond issuance on … bank credit conditions for issuer firms, both at the firm-bank and firm level. We compare new loans granted to issuer firms … addition, issuer firms reduce the amount of used bank credit but increase the overall amount of available external funds …

opportunity for unlisted firms. Using the Italian Credit Register, we investigate the impact of minibond issuance on bank credit … reduce the amount of used bank credit but increase the overall amount of available external funds, pointing to a substitution … with bank credit and to a diversification of corporate funding sources. Studying their ex-post performance, we find that …

enterprises and the constraints to SME financing remain the main topic of policy discussion today. Against this background, the … market-friendly business model and supporting scheme to help SMEs gain access to credit on a sustainable basis. Given the … SME financing. This will also ensure that lending to small-business clients is not a burden to the government and is self …

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 …