An Assessment of Bank Lending to UK SMEs in the wake of the crisis
An Assessment of Bank Lending to UK SMEs in the wake of the crisis
复制标题
危机后银行向英国中小企业贷款的评估
DOI：
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发表时间：
2013
影响因子：
2.1
通讯作者：
Cinzia Rienzo
中科院分区：
文献类型：
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作者：
A. Armstrong;E. Davis;I. Liadze;Cinzia Rienzo
向中小企业提供银行融资对于中小企业创业和为增长投资融资十分重要。为了评估2001- 2012年期间这种可用性的变化，我们使用了一系列调查的数据，这些调查提供了关于英国中小企业样本特征的详细信息，他们的所有者和获得融资的经验。使用计量经济学模型，其中包括对中小企业特点和风险因素的控制，可以获得从借款人风险中提取的一段时间内银行贷款供应变化的指标。结果表明，到2012年，中小企业银行融资的可用性一直受到限制，这种限制似乎一直持续到2013年。利用宏观数据进行的进一步研究表明，经济不确定性对这种融资产生了影响。如果不加以解决，这些模式可能意味着对短期和长期的经济表现产生不利影响。
The availability of bank finance to small and medium sized enterprises (SMEs) is important to allow SMEs to start up and finance investment for growth. To assess changes in such availability over 2001–12, we used data from a series of surveys that provide detailed information on the characteristics of a sample of UK SMEs, their owners and experiences of obtaining finance. Using econometric models, which included controls for SME characteristics and risk factors, indicators of changes in the provision of bank lending over the time period abstracting from borrower risk could be obtained. The results suggest ongoing restrictions on the availability of SME bank finance up to 2012 – which appear to have persisted into 2013. Further research using macro data shows an impact of economic uncertainty on such finance. If unresolved, these patterns could imply adverse effects on economic performance in the short and long term.