| Nº Sistema |
000475895 |
| Autor |
 Blanco, Roberto |
|
García-Posada, Miguel |
|
Mayordomo, Sergio |
|
Rodríguez-Moreno, María |
| Título |
Access to credit and firm survival during a crisis [Recurso electrónico] : the case of zero-bank-debt firms / Roberto Blanco, Miguel García-Posada, Sergio Mayordomo and María Rodríguez-Moreno. |
| Publicado en |
Journal of Financial Intermediation [Artículos], v.59, July 2024, 101102 |
| Nota general |
Artículo de revista |
| Resumen |
Before the Covid-19 crisis, zero-bank-debt firms, especially risky ones, faced, due to their lack of credit history, more difficult access to bank loans than firms which previously had bank debt. These credit constraints were tightened by the Covid shock, irrespective of firms’ risk, arguably because of increased information asymmetries during a period of high macroeconomic uncertainty. Zero-bank-debt firms, even those which were safe and profitable, were also far more likely to leave the market during the pandemic than firms which previously had bank debt. However, those zero-bank-debt firms that did obtain new credit reduced their probability of exit. [Resumen de autor] [eng] |
| Restricciones |
Acceso electrónico RESTRINGIDO por IP a los usuarios de la Biblioteca del Banco de España |
| Acceso electrónico |
 Acceso al texto completo. |
| Relacionado con |
Documentos de Trabajo / Banco de España ; 2421 |
| Clasificación |
M2-Financiación de la empresa. |
| Materia |
Empresas |
|
Créditos |
|
Garantías |
|
Bancos |
| Materia |
España |
