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The SME struggle for financing: a clampdown in European banks post-crisis

Elisabeth Paulet, Miia Parnaudeau () and Tamym Abdessemed
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Elisabeth Paulet: ICN Business School, CEREFIGE - Centre Européen de Recherche en Economie Financière et Gestion des Entreprises - UL - Université de Lorraine, ESCEM Tours Poitiers - ESCEM School of Business and Management - Groupe école supérieure de commerce et de management Tours-Poitiers
Tamym Abdessemed: ICN Business School, CEREFIGE - Centre Européen de Recherche en Economie Financière et Gestion des Entreprises - UL - Université de Lorraine

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Abstract: Purpose – This paper aims to explore how banks have modified their behaviours since the subprime crisis and their influence on credit access for SMEs. Design/methodology/approach – This paper aims to explore how banks have modified their behaviours since the subprime crisis and their influence on credit access for SMEs. Findings – We provide evidence that strategic orientations adopted by banks (both fragile and robust) are quite voluntary and not simply the result of following regulations. Unfortunately, these orientations have hampered SMEs' access to credit. Practical implications – The core result of the paper is to emphasize that banking behaviours have considerably changed just after the subprime crisis and that SMEs have to deal with this new reality. These findings could be of interest for regulators and banking authorities to control liquidity constraints and guarantee both the stability of the global banking system and sustainable economic growth. Originality/value – Using an original data reduction method and balance sheet analysis, this paper found evidence of key changes in banking behaviours during the subprime crisis.

Keywords: SME; Subprime crisis; Credit constraints; European banking landscape; Net interest income; PCA analysis; Risk weighted assets; Systemic risk (search for similar items in EconPapers)
Date: 2014
Note: View the original document on HAL open archive server: https://hal.archives-ouvertes.fr/hal-01369792
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Published in Journal of Business Strategy, Emerald, 2014, pp.36 - 45. ⟨10.1108/JBS-09-2013-0089⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01369792

DOI: 10.1108/JBS-09-2013-0089

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