Relationship lending is one of the most important lending technologies adopted by banks
and their borrowers. The adoption of relationship lending is mainly related to small business …

Recent empirical findings by Elsas (2005) and Degryse and Ongena (2007) document a U-
shaped effect of market concentration on relationship lending which cannot be easily …

Despite the plentiful debate on the effects of bank competition on SME access to finance and
growth, only few studies have explored the impacts on SME cost of debt. This study …

Using micro-data on small-and medium-sized enterprises, this paper empirically
investigates the “signalling hypothesis” formulated on the role of trade credit (Biais and …

Using unique matched data on SME-bank relationships from 19 European countries, we
examine the effects of bank-level market power on SME finance. We show novel evidence …

The paper examines the level of competition in banking market using different econometric
models and analyzes the impact of efficiency of the banking system on the economic growth …

Highly leveraged small businesses cannot obtain enough credit because of the debt
overhang problem. Therefore, highly leveraged firms may lose potential profits from …

Purpose The purpose of this paper is to examine the relationship between leverage and firm
performance using small business data from France by estimating the effects of leverage on …

A large body of literature investigates various sources of bank efficiency. Nonetheless, little
empirical evidence is available on the role played by institutional quality. Further, the extant …

This paper studies the impact of local financial structure on business relocation in the US
from 2011 to 2015. It uses several proxies to measure the local financial structure at the …