| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w27945 |
| 来源ID | Working Paper 27945 |
| Bank Liquidity Provision Across the Firm Size Distribution | |
| Gabriel Chodorow-Reich; Olivier Darmouni; Stephan Luck; Matthew C. Plosser | |
| 发表日期 | 2020-10-12 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | We use supervisory loan-level data to document that small firms (SMEs) obtain shorter maturity credit lines than large firms; have less active maturity management; post more collateral; have higher utilization rates; and pay higher spreads. We rationalize these facts as the equilibrium outcome of a trade-off between lender commitment and discretion. Using the COVID recession, we test the prediction that SMEs are subject to greater lender discretion by examining credit line utilization. We show that SMEs do not drawdown in contrast to large firms despite SME demand, but that PPP loans helped alleviate the shortfall. |
| 主题 | Macroeconomics ; Monetary Policy ; Financial Economics ; Financial Institutions ; Corporate Finance ; COVID-19 |
| URL | https://www.nber.org/papers/w27945 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/585619 |
| 推荐引用方式 GB/T 7714 | Gabriel Chodorow-Reich,Olivier Darmouni,Stephan Luck,et al. Bank Liquidity Provision Across the Firm Size Distribution. 2020. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w27945.pdf（735KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
