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dc.contributor.authorDjedidi-Kooli, Salima
dc.date.accessioned2011-04-05T14:51:54Z
dc.date.available2011-04-05T14:51:54Z
dc.date.issued2010-12
dc.identifier.urihttps://basepub.dauphine.fr/handle/123456789/5923
dc.language.isoenen
dc.subjectOperational proximityen
dc.subjectInvestment-cash flow sensitivityen
dc.subjectFinancing constraintsen
dc.subjectSME lendingen
dc.subjectFunctional distanceen
dc.subject.ddc332en
dc.subject.classificationjelG21en
dc.subject.classificationjelG34en
dc.subject.classificationjelR51en
dc.titleDistances and Small Business Credit Constraints: the French caseen
dc.typeCommunication / Conférence
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 SME lending. Our findings on French data show that increased functional distance and operational proximity are positively associated with the investment-cash flow sensitivity, considered as a measure of financing constraints. These adverse effects are particularly acute for small firms.en
dc.identifier.citationpages26en
dc.description.sponsorshipprivateouien
dc.subject.ddclabelEconomie financièreen
dc.relation.conftitleAFFI 8th - International Finance Meeting,en
dc.relation.confdate2010-12
dc.relation.confcityParisen
dc.relation.confcountryFranceen


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