Do Firms Get the Financing They Want? Measuring Credit Rationing Experienced by Small Businesses in the U.S.

Do Firms Get the Financing They Want? Measuring Credit Rationing Experienced by Small Businesses... This paper measures the extent to which small businesses in the United States in the late 1980s were able to access the external credit finance they desired. We argue that a comprehensive definition of credit rationing must account for both (a) creditworthy firms that apply for and are denied financing, and (b) creditworthy firms that decide not to apply for desired external financing, given expectations about how long it may take to obtain financing and the evolution of investment opportunities. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Small Business Economics Springer Journals

Do Firms Get the Financing They Want? Measuring Credit Rationing Experienced by Small Businesses in the U.S.

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Publisher
Kluwer Academic Publishers
Copyright
Copyright © 2000 by Kluwer Academic Publishers
Subject
Business and Management; Management; Microeconomics; Entrepreneurship; Industrial Organization
ISSN
0921-898X
eISSN
1573-0913
D.O.I.
10.1023/A:1008196002780
Publisher site
See Article on Publisher Site

References

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