eprintid: 781
rev_number: 11
eprint_status: archive
userid: 34
dir: disk0/00/00/07/81
datestamp: 2011-08-09 11:07:56
lastmod: 2014-06-30 13:29:58
status_changed: 2011-08-09 11:07:56
type: article
metadata_visibility: show
item_issues_count: 0
creators_name: Calcagnini, Giorgio
creators_name: Iacobucci, Donato
creators_name: Ticchi, Davide
creators_id: 
creators_id: 
creators_id: davide.ticchi@imtlucca.it
title: Razionamento del credito e dimensioni di impresa
ispublished: pub
subjects: HB
subjects: HD61
divisions: EIC
full_text_status: public
note: Associazione PSL ©1998
abstract: 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.
date: 1998
date_type: published
publication: Moneta e credito
volume: 202
number: 51
publisher: Associazione Paolo Sylos Labini
pagerange: 197-214
refereed: TRUE
issn: 0026-9611
citation:   Calcagnini, Giorgio and Iacobucci, Donato and Ticchi, Davide  Razionamento del credito e dimensioni di impresa.  Moneta e credito, 202 (51).  pp. 197-214.  ISSN 0026-9611      (1998)  
document_url: http://eprints.imtlucca.it/781/1/Ticchi_1998.pdf