Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/114684
Authors: 
Cowling, Marc
Sugden, Roger
Year of Publication: 
1995
Citation: 
[Journal:] Journal of Small Business Finance [ISSN:] 1057-2287 [Volume:] 4 [Year:] 1995 [Issue:] 1 [Pages:] 87-98
Abstract: 
This paper examines the role of interest rates and securities within the context of the small firm - bank lending relationship and questions whether banks alter their lending conditions on the basis of specific firm characteristics and the nature of the borrowing undertaken. The results suggest that the imposition of full collateralization reduces the role of interest rates considerably, although there is evidence of banks exercising their market power in more costly lending of the smallest of firms.
Subjects: 
Small Firms
Small Business
Lending Contracts
JEL: 
G21
L25
G32
Document Type: 
Article

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