Lending to small businesses: the role of loan maturity in addressing information problems
By Hernán Ortiz-Molina, María Fabiana Penas. 2008
295 citations recorded by the source corpus.
Subfields: Accounting, Finance
View Paper: https://www.semanticscholar.org/paper/71bdf7c2e72e786bd747135726911374ddd3d7c9
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Accounting
- Tensie Steijvers
- Wim Voordeckers
- Vasso Ioannidou
- Wael Rouatbi
- Mª Fuensanta Cutillas Gomariz
- Hamdi Ben-Nasr
- Yanko Anastasov
- Steven R. G. Ongena
In Finance
- Vasso Ioannidou
- Wim Voordeckers
- Tensie Steijvers
- Mª Fuensanta Cutillas Gomariz
- Wael Rouatbi
- Hamdi Ben-Nasr
- Steven R. G. Ongena
- Koen Vanhoof
Citations in the corpus
- Ownership structure, control contestability, and corporate debt maturity (2015, background): “Additionally, Ortiz-Molina and Penas (2008) provide evidence that shorter loan maturities mitigate asymmetric information problems that may arise in small business lending.”
- 'Time for a Change': Loan Conditions and Bank Behavior when Firms Switch Banks (2010, background): “may bias the findings (Brick, Kane and Palia (2004); Ortiz-Molina and Penas (2006) ;”
- Collateral, relationship lending and family firms (2010, methodology): “However, this database has very incomplete data on maturity or interest rate which are often considered as possible substitutes for collateral pledging ( Ortiz-Molina and Penas 2008; Cressy and Toivanen 2001; Toivanen and Cressy 2001).”
- Financial reporting quality, debt maturity and investment efficiency (2014, background): “A shortening of debt maturity permits better control of managers, because shorter maturities induce more frequent renegotiations: lenders can ascertain firms’ performance during the first period and then they can decide whether to renew or change the contract terms (Ortiz-Molina and Penas, 2008).”
- DETERMINANTS OF SMALL AND MEDIUM SIZED FAST GROWING ENTERPRISES IN CENTRAL AND EASTERN EUROPE: A PANEL DATA ANALYSIS (2010, background): “The association between bank debt maturity and relationship lending is widely investigated (see Ortiz-Molina and Penas, 2004 for US firms; and Hernández-Cánovas and Koëter-Kant, 2008 for EU firms).”
- The voluntary adoption of International Financial Reporting Standards and loan contracting around the world (2011, unknown): “term loans allow banks to monitor credit quality through frequent loan renewal processes, thereby reducing information risk (for example, Oritz-Molina and Penas 2006; Graham et al. 2008).”