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  • © 2017

Access to Bank Credit and SME Financing

Palgrave Macmillan

Editors:

  • 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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Table of contents (11 chapters)

  1. Front Matter

    Pages i-xxx
  2. Credit Market Environment and SME Finance in Europe

    1. Front Matter

      Pages 1-1
    2. Non-Bank Financing for Euro Area Companies During the Crisis

      • Annalisa Ferrando, Emmanouil Mavrakis
      Pages 3-28
    3. Neither a Borrower Nor a Lender Be! Loan Application and Credit Decision for Young European Firms

      • Andrea Moro, Daniela Maresch, Annalisa Ferrando, Julia Barbar
      Pages 29-58
    4. Credit Access for Small Firms in the Euro Area: Does Gender Matter?

      • Maria Lucia Stefani, Valerio Vacca
      Pages 83-119
    5. Sovereign and Bank CDS Spreads During the European Debt Crisis: Laying the Foundation for SMEs’ Financial Distress

      • Danilo V. Mascia, Paolo Mattana, Stefania P.S. Rossi, Roberto D’Aietti
      Pages 149-172
  3. SME Funding and the Role of Alternative Non-Bank Finance in Italy

    1. Front Matter

      Pages 201-201
    2. SME Credit Access After Basel III. Does Size (and Quality) Matter?

      • Pietro Vozzella, Giampaolo Gabbi
      Pages 203-224
    3. Credit Supply and Bank Interest Rates in the Italian Regions

      • Roberto Malavasi, Mauro Aliano
      Pages 225-255
    4. Corporate Bonds for SMEs: A Study of Italian Minibonds

      • Roberto Malavasi, Giuseppe Riccio, Mauro Aliano
      Pages 257-285
  4. Back Matter

    Pages 313-332

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.

Editors and Affiliations

  • Department of Economics and Business, University of Cagliari, Cagliari, Italy

    Stefania Rossi

About the editor

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.

Bibliographic Information

  • Book Title: Access to Bank Credit and SME Financing

  • Editors: Stefania Rossi

  • Series Title: Palgrave Macmillan Studies in Banking and Financial Institutions

  • DOI: https://doi.org/10.1007/978-3-319-41363-1

  • Publisher: Palgrave Macmillan Cham

  • eBook Packages: Economics and Finance, Economics and Finance (R0)

  • Copyright Information: The Editor(s) (if applicable) and The Author(s) 2017

  • Hardcover ISBN: 978-3-319-41362-4Published: 15 December 2016

  • Softcover ISBN: 978-3-319-82333-1Published: 11 July 2018

  • eBook ISBN: 978-3-319-41363-1Published: 02 December 2016

  • Series ISSN: 2523-336X

  • Series E-ISSN: 2523-3378

  • Edition Number: 1

  • Number of Pages: XXX, 332

  • Number of Illustrations: 101 b/w illustrations, 20 illustrations in colour

  • Topics: Banking, Capital Markets

Buy it now

Buying options

eBook USD 129.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 169.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book USD 169.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access