Relationships and the availability of credit to New Small Firms

Enrico Colombatto (), Arie Melnik () and Chiara Monticone
Additional contact information
Enrico Colombatto: Faculty of Economics, University of Turin, http://web.econ.unito.it/colombatto/
Arie Melnik: Department of Economics, University of Haifa, http://econ.haifa.ac.il/~amelnik

No WP2011/11, Working Papers from University of Haifa, Department of Economics

Abstract: We analyze the loans that startup firms obtain from banks by testing our predictions on a set of small, young Italian companies founded during the 1992-2004 period. According to our investigation, the amount of borrowing is determined by (1) the size of the firm, (2), the ability to offer collateral (3) perceived risk. Contrary to expectations, however, the length of the relationship with the lender has a weak influence.

Pages: 21
Date: 2011-10-23
New Economics Papers: this item is included in nep-ban, nep-bec, nep-ent and nep-sbm
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Related works:
Journal Article: Relationships and availability of credit to new small firms (2012)
Working Paper: Relationships and The Availability of Credit To New Small Firms (2011)
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