SMEs employment growth under heterogeneous credit constraints
SMEs employment growth under heterogeneous credit constraints Summary This paper (Vlassas, Giannakopoulos & Kallandranis) examines how different types of credit constraints affect employment growth in small and medium-sized enterprises (SMEs). Using survey evidence and robustness checks, the authors find that firms which are fully credit-rationed or discouraged from applying for credit are about five percentage […]