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dc.contributor.authorDjedidi-Kooli, Salima
dc.date.accessioned2013-07-17T09:26:24Z
dc.date.available2013-07-17T09:26:24Z
dc.date.issued2012-12
dc.identifier.urihttps://basepub.dauphine.fr/handle/123456789/11571
dc.language.isoenen
dc.subjectFinancing constraintsen
dc.subjectfunctional distanceen
dc.subjectinvestment-cash flow sensitivityen
dc.subjectoperational proximityen
dc.subject.ddc332en
dc.subject.classificationjelG21en
dc.subject.classificationjelG34en
dc.subject.classificationjelR51en
dc.titleDistances and Small Business Credit Constraints: The French caseen
dc.typeArticle accepté pour publication ou publié
dc.description.abstractenDeregulation and progress in information and communication technologies have increased the geographical expansion of banking structures and instruments. This makes banks operationally close to the borrowers. At the same time, banking industry consolidation have induced a geographical concentration of banking decision centers and strategic functions, leading to an increase of the functional distance that separates the decision center of a bank from its operational branches. The aim of this paper is to evaluate the impact of these two trends on small and medium-sized enterprise (SME) lending. Our findings on French data suggest that (i) increased functional distance induces an increase of the investment cash flow sensitivity considered as a measure of financing constraints and that (ii) the relationship between operational proximity and financing constraints is non linear with an investment-cash flow relationship supposed to be increasing for low levels of operational proximity below a certain threshold and decreasing for high levels of it. The adverse effect of functional distance on financing constraints is particularly acute for small firms.en
dc.relation.isversionofjnlnameInternational Journal of Economic Sciences & Applied Research
dc.relation.isversionofjnlvol5en
dc.relation.isversionofjnlissue3en
dc.relation.isversionofjnldate2012-12
dc.relation.isversionofjnlpages81-114en
dc.relation.isversionofjnlpublisherKavala Institute of Technologyen
dc.subject.ddclabelEconomie financièreen
dc.relation.forthcomingnonen
dc.relation.forthcomingprintnonen


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