TY  - JOUR
N2  - This paper examines the likelihood of credit rationing faced by firms of dif­ferent size. Cantrary to common thought, several recent contributions on this topic argue that, when rationing credit, size alone is not a sufficient con­dition for discriminating between firms. We show that this result can be predicted using a framework based on the Stiglitz-Weiss model. In particular, in an environment of asymmetric information, we highlight how the likeli­hood of credit rationing depends upon the shape of the,distribution function of project returns, especially its asymmetry and Kurtosis. Our empirical re­sults do not support the hypothesis that small firms face more credit ration­ing than larger firms.
N1  - Associazione PSL ©1998
IS  - 51
VL  - 202
TI  - Razionamento del credito e dimensioni di impresa
A1  - Calcagnini, Giorgio
A1  - Iacobucci, Donato
A1  - Ticchi, Davide
EP  - 214
SP  - 197
AV  - public
Y1  - 1998///
PB  - Associazione Paolo Sylos Labini
UR  - http://eprints.imtlucca.it/781/
SN  - 0026-9611
JF  - Moneta e credito
ID  - eprints781
ER  -