Small business access to bank leverage under crisis circumstances

Ramzi Benkraiem

Post-Print from HAL

Abstract: This article relies on a dynamic theoretical framework to empirically investigate corporate drivers of small business access to bank leverage during the global crisis period. The empirical analysis leads to several interesting results. In particular, indicators of size and tangibility are positively related to bank leverage proxies. Moreover, they are by far more important than those of profitability, growth and earnings volatility in explaining access to bank leverage. These findings lay stress on the need of small businesses, above all, to provide sufficient guarantees when they wish to incur new bank leverage under crisis circumstances. Thus, they contribute to the debate on small business financing at a time when consequences of the global crisis on this category of firms are more and more evoked.

Keywords: global crisis; bank leverage; small businesses (search for similar items in EconPapers)
Date: 2016-11-03
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Published in International Journal of Entrepreneurship and Small Business, 2016, 29 (3), pp.390-397. ⟨10.1504/IJESB.2016.079419⟩

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Journal Article: Small business access to bank leverage under crisis circumstances (2016)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01391211

DOI: 10.1504/IJESB.2016.079419

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().