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Journal articles
Small and Medium-sized Enterprises' Credit Rationing on the Tunisian Bank Credit Market
Abstract : We use a disequilibrium model to estimate credit rationing to Small and Medium-sized Enterprises (SMEs) on the Tunisian bank credit market. Based on a panel dataset of 1,275 SMEs over the period 2001-2006, results show that the demand for bank credit is not determined by " endogenous " factors, i.e. the activity level and internal available resources of SMEs, but rather by " exogenous " factors, i.e. the cost of financing and guarantees required by banks. The latter, especially real guarantees, explain to a large extent the lack of bank lending and results in an average share of 80% — partially or totally — credit rationed SMEs.
Cited literature [30 references]
https://hal-upec-upem.archives-ouvertes.fr/hal-01667356
Contributor : Philippe Adair <>
Submitted on : Wednesday, January 3, 2018 - 3:07:32 PM
Last modification on : Tuesday, June 23, 2020 - 12:30:04 PM
Long-term archiving on: : Wednesday, April 4, 2018 - 12:42:08 PM
Contributor : Philippe Adair <>
Submitted on : Wednesday, January 3, 2018 - 3:07:32 PM
Last modification on : Tuesday, June 23, 2020 - 12:30:04 PM
Long-term archiving on: : Wednesday, April 4, 2018 - 12:42:08 PM
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Adair_Fhima_2014_SMEs_Credit_R...
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