Bank liquidity provision across the firm size distribution

We use supervisory loan-level data to document that small firms (SMEs) obtain shorter maturity credit lines than large firms, post more collateral, have higher utilization rates, and pay higher spreads. We rationalize these facts as the equilibrium outcome of a trade-off between lender commitment an...

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Vydané v:	Journal of financial economics Ročník 144; číslo 3; s. 908 - 932
Hlavní autori:	Chodorow-Reich, Gabriel, Darmouni, Olivier, Luck, Stephan, Plosser, Matthew
Médium:	Journal Article
Jazyk:	English
Vydavateľské údaje:	Amsterdam Elsevier B.V 01.06.2022 Elsevier Sequoia S.A
Predmet:	Bank liquidity Bank loans Companies COVID recession Financial economics Firm size Liquidity Maturity PPP Size of enterprise Small & medium sized enterprises-SME Small business PPP Firm size E44 H32 G21 G32 Bank liquidity COVID recession
ISSN:	0304-405X, 1879-2774
On-line prístup:	Získať plný text
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