Credit granting to small firms: A Brazilian case

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dc.contributor.authorZAMBALDI, F.
dc.contributor.authorARANHA, F.
dc.contributor.authorLOPES, H.
dc.contributor.authorPOLITI, R.
dc.date.accessioned2022-01-12T22:03:32Z
dc.date.available2022-01-12T22:03:32Z
dc.date.issued2011-03-05
dc.description.abstractTransaction costs limit the supply of credit to small and medium-sized firms (SMEs). From a sample of 65,535 SME credit proposals submitted to a large Brazilian bank between January 2004 and September 2006, this research analyzes credit granting decisions. Results suggest that small firms face credit rationing and that low risk credit contracts with liquid collateral are their primary source of credit. Also, the bank captures private information through its lending relationships with borrowers, which affects its credit granting decisions. The findings reveal that the bank under study faces difficulties in expanding the supply of credit to small firms mainly because of cost, collateral-dependency and constraints due to asymmetric information. © 2009 Elsevier Inc.
dc.description.firstpage309
dc.description.issuenumber3
dc.description.lastpage315
dc.description.volume64
dc.identifier.citationZAMBALDI, F.; ARANHA, F. LOPES, H.; POLITI, R. Credit granting to small firms: A Brazilian case. Journal of Business Research, v. 64, n. 3, p. 309-315, 2011.
dc.identifier.doi10.1016/j.jbusres.2009.11.018
dc.identifier.issn0148-2963
dc.identifier.urihttps://repositorio.fei.edu.br/handle/FEI/4210
dc.relation.ispartofJournal of Business Research
dc.rightsAcesso Restrito
dc.subject.otherlanguageAsymmetric information
dc.subject.otherlanguageCredit rationing
dc.subject.otherlanguageSmall and medium-sized enterprises (SMEs)
dc.subject.otherlanguageSmall business financing
dc.subject.otherlanguageTransaction costs
dc.titleCredit granting to small firms: A Brazilian case
dc.typeArtigo
fei.scopus.citations40
fei.scopus.eid2-s2.0-78751577581
fei.scopus.updated2024-07-01
fei.scopus.urlhttps://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=78751577581&origin=inward
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