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Razionamento del credito e dimensioni di impresa

Moneta e Credito

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Title Razionamento del credito e dimensioni di impresa
 
Creator Calcagnini, Giorgio
Iacobucci, Donato
Ticchi, Davide
 
Subject —
—
D82, G21
 
Description This paper examines the likelihood of credit rationing faced by firms of dif­ferent size. Cantrary to common thought, several recent contributions on this topic argue that, when rationing credit, size alone is not a sufficient con­dition for discriminating between firms. We show that this result can be predicted using a framework based on the Stiglitz-Weiss model. In particular, in an environment of asymmetric information, we highlight how the likeli­hood of credit rationing depends upon the shape of the,distribution function of project returns, especially its asymmetry and Kurtosis. Our empirical re­sults do not support the hypothesis that small firms face more credit ration­ing than larger firms.  JEL Codes: D82, G21Keywords:
 
Publisher Associazione Economia civile
 
Contributor —
 
Date 2012-04-19
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Articolo peer-review
 
Format application/pdf
 
Identifier http://ojs.uniroma1.it/index.php/monetaecredito/article/view/9702
 
Source Moneta e Credito; Vol 51, N° 202 (1998)
Moneta e Credito; Vol 51, N° 202 (1998)
2037-3651
 
Language ita
 
Relation http://ojs.uniroma1.it/index.php/monetaecredito/article/view/9702/9588
 
Rights Copyright (c) 2016 Giorgio Calcagnini, Donato Iacobucci, Davide Ticchi
http://creativecommons.org/licenses/by-nc-nd/4.0