After a brief overview of current financing difficulties for SMEs and policy measures to
support SME lending during the crisis, this article presents a literature review related to …

Este trabajo analiza la evolución en el tiempo de los estudios sobre fracaso empresarial.
Con carácter general, partimos de la revisión crítica realizada en la literatura previa, y …

This paper provides the first empirical evidence that bank regulation is associated with cross-
border spillover effects through the lending activities of large multinational banks. We …

Which are the main frictions and the driving forces of business cycle dynamics in an open
economy? To answer this question we extend the standard new Keynesian model in three …

We propose subsampling Markov chain Monte Carlo (MCMC), an MCMC framework where
the likelihood function for n observations is estimated from a random subset of m …

Using an exhaustive data set on claims held by trade creditors (suppliers) on failed trade
debtors (customers), we quantify the importance of trade credit chains for the propagation of …

Data from US public firms show that in booms large firms finance with debt and payout
equity, whereas small firms issue both equity and debt. Therefore, large firms generally …

Predicting the risk of financial distress of enterprises is an inseparable part of financial-
economic analysis, helping investors and creditors reveal the performance stability of any …

Corporate default risk can affect financial stability and the macroeconomy. However, the
determinants of corporate default risk in China are not well defined in the literature. We …

Supply chain finance (SCF) benefits participants by alleviating capital constraints and
generating additional profits but also brings a host of disadvantages. This study examines …