Please use this identifier to cite or link to this item: http://hdl.handle.net/1942/7869
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dc.contributor.authorSTEIJVERS, Tensie-
dc.contributor.authorVOORDECKERS, Wim-
dc.date.accessioned2008-02-19T10:55:30Z-
dc.date.available2008-02-19T10:55:30Z-
dc.date.issued2007-
dc.identifier.urihttp://hdl.handle.net/1942/7869-
dc.description.abstractWe investigate the empirical significance of credit rationing for SMEs over the period 1994-2001 using a panel data set consisting of 1,000 Belgian SMEs. We estimate a demand-supply disequilibrium model and are the first to differentiate between short and long term bank debt rationing. Our results indicate that 30.6% of the SMEs are credit rationed for long term debt. In general, these firms could be characterized as fast-growing firms, experiencing a growth delay in the aftermath of credit rationing. Only 7.8% of the SMEs would experience short term bank debt rationing, being less creditworthy firms, creating little value and cash flow.-
dc.language.isoen-
dc.subject.othercredit rationing; disequilibrium models; small business finance; debt maturity-
dc.titleCredit Rationing in the Corporate Bank Loan Market: Short Term vs. Long Term Bank Debt Rationing-
dc.typeWorking Paper-
local.bibliographicCitation.jcatR2-
local.type.specifiedWorking Paper-
dc.bibliographicCitation.oldjcat-
item.contributorSTEIJVERS, Tensie-
item.contributorVOORDECKERS, Wim-
item.accessRightsOpen Access-
item.fullcitationSTEIJVERS, Tensie & VOORDECKERS, Wim (2007) Credit Rationing in the Corporate Bank Loan Market: Short Term vs. Long Term Bank Debt Rationing.-
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