1,720,980 research outputs found
Soft Information and Loan Supply in the Crisis. Evidence from the Credit Files of a Large Bank
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Financial Constraints, Firms' Supply Chains and Internationalization
No full textUsing a unique sample of small and medium-sized Italian firms, we investigate the effect of financial constraints on firms’ participation in domestic and international supply chains. We find that firms more exposed to bank credit rationing and with weaker relationships with banks are more likely to participate in supply chains to overcome liquidity shortages. This benefit of supply chains is especially strong when firms establish long-term trading relationships and when they forge ties with large and international trading partners. To control for possible endogeneity of firms’ access to credit, we construct instruments capturing exogenous shocks to the structure of the Italian local banking markets
Banca e imprese: la sfida delle nuove tecnologie. Information technology, bank credit and relationship banking
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Do Large Banks Reward More Innovative Small Enterprises?
No full textIn this paper we provide further evidence on the importance of the small business segment for
large and internationalized banks. Indeed, we concentrate on the financing of small Italian
businesses by a large, international bank which has also developed tailored products and
services for its retail customers, with a special emphasis on the link between innovation activity
and credit merit. The role of the bank in fostering firm innovation activity is analyzed, for
instance, by Herrera and Minetti (2007), whose empirical investigation shows that informational
tightness – measured by the duration of the credit relationship between the customer and its
main bank – has a positive effect on the probability of the enterprise to innovate
Relationships with banks and access to credit for innovation and internationalization of SMEs
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Does ICT adoption improves access to credit for small enterprises?
No full textThe aim of our empirical analysis is to seek whether there is some significant and positive relationship between firms’ ICT adoption and the amount of bank financing they are able to obtain.
We carry out the analysis using data at the bank-firm level for a large sample of small firms. Data have been collected through the 9th UniCredit Survey on Italian enterprises with at most 5 million of annual turnover, realized in the second semester of 2012. This wave of the survey provides detailed information regarding firms’ Ict adoption, their financial needs, and the relationship with the banking system. In particular, we investigate whether and to what extent small firms’ Ict adoption may affect the growth rate of credit they receive from UniCredit1 (the Bank, hereafter) in the period 2010-2012.
We find that, in general, the Bank actually accords better credit conditions to small entrepreneurs who use Ict more intensively in the conduction of their business activities. More in detail, we observe that a higher growth rate of credit accorded by the Bank is associated with small enterprises hiring computer technicians, adopting extranet infrastructures, and exploiting online relationship with the banking system.
There is no substantial effect, instead, regarding the simple use of Internet, of advanced software systems and of Ict tools which generally help improving the conduction of managerial and administrative tasks within the firm. We motivate our empirical outcome with the fact that a more intense use of Ict is likely to influence firms’ credit worthines
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