Palgrave Macmillan Studies in Banking and Financial Institutions

Access to Bank Credit and SME Financing

Editors: Rossi, Stefania P. S. (Ed.)

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  • Identifies different forms of credit rationing and some types of distortions in credit markets
  • Provides evidence on the issue of gender discrimination and the effects that judicial systems and legal enforcement may have on the access to finance for SMEs
  • Offers insights on the transmission channel (contagion effect) from sovereign to bank risk that emerged during the European sovereign debt crisis
  • Provides evidence in favour of a revision of the current regulatory framework, to soften the procyclicality issues that have arisen with Basel III
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  • ISBN 978-3-319-41363-1
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Hardcover $169.99
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Softcover $169.99
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  • ISBN 978-3-319-82333-1
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About this book

This book explores how the global financial and European sovereign debt crises have forced small-and-medium-sized businesses (SMEs) to reassess and adapt their funding strategies. At the heart of the matter is the worsening access to bank credit for such enterprises. Through this discussion we learn how crucial an understanding of SME-financing is to policy makers, in light of the fact that SMEs dominate the business landscape in Europe and are the main drivers of employment, growth and innovation in the European economy. Contributing chapters present expert analysis and investigate many topics including the problems faced by SMEs in accessing bank credit and the cost of funding and its determinants. Particular attention is also given to how credit-constrained enterprises may reformulate their funding strategies by employing alternative, non-bank, financial resources, and how regulators could support SMEs in broadening and improving their funding opportunities.

About the authors

Stefania P. S. Rossi is Professor of Economics at the University of Cagliari, Italy. She has been a postdoctoral visiting scholar at Stanford University, USA, an Economist at the World Bank, and a Professor at the University of Vienna, Austria. Her publications include many articles in the field of financial markets and banking.

Table of contents (11 chapters)

Table of contents (11 chapters)
  • Non-Bank Financing for Euro Area Companies During the Crisis

    Pages 3-28

    Ferrando, Annalisa (et al.)

  • Neither a Borrower Nor a Lender Be! Loan Application and Credit Decision for Young European Firms

    Pages 29-58

    Moro, Andrea (et al.)

  • Legal-Institutional Environment, Social Capital and the Cost of Bank Financing for SMEs: Evidence from the Euro Area

    Pages 59-81

    Galli, Emma (et al.)

  • Credit Access for Small Firms in the Euro Area: Does Gender Matter?

    Pages 83-119

    Stefani, Maria Lucia (et al.)

  • The Small Firm Financing Premium in Europe: Where and When Do Small Firms Pay the Most?

    Pages 121-147

    Holton, Sarah (et al.)

Buy this book

eBook $129.00
price for USA (gross)
  • ISBN 978-3-319-41363-1
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $169.99
price for USA
  • ISBN 978-3-319-41362-4
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $169.99
price for USA
  • ISBN 978-3-319-82333-1
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.

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Bibliographic Information

Bibliographic Information
Book Title
Access to Bank Credit and SME Financing
Editors
  • Stefania P. S. Rossi
Series Title
Palgrave Macmillan Studies in Banking and Financial Institutions
Copyright
2017
Publisher
Palgrave Macmillan
Copyright Holder
The Editor(s) (if applicable) and The Author(s)
eBook ISBN
978-3-319-41363-1
DOI
10.1007/978-3-319-41363-1
Hardcover ISBN
978-3-319-41362-4
Softcover ISBN
978-3-319-82333-1
Series ISSN
2523-336X
Edition Number
1
Number of Pages
XXX, 332
Number of Illustrations
101 b/w illustrations, 20 illustrations in colour
Topics