Relationships and availability of credit to new small firms

Journal title ECONOMIA E POLITICA INDUSTRIALE
Author/s Enrico Colombatto, Arie Melnik, Chiara Monticone
Publishing Year 2012 Issue 2012/1 Language English
Pages 17 P. 5-21 File size 157 KB
DOI 10.3280/POLI2012-001001
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The paper analyzes the bank loans secured by recently incorporated small-sized firms based on a sample of Italian companies founded between 1992 and 2004. The study shows that the amount of the loan issued is influenced primarily by the size of the firm and the ability to provide collateral, that the influence of the perceived risk is weak, and that the length of the relationship has a non-linear impact on the size of the bank loan granted.

Keywords: Young firms, bank loans, collateral, relationship

Jel codes: L26, G21, G32

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Enrico Colombatto, Arie Melnik, Chiara Monticone, Relationships and availability of credit to new small firms in "ECONOMIA E POLITICA INDUSTRIALE " 1/2012, pp 5-21, DOI: 10.3280/POLI2012-001001