Bank Credit to Medium-Sized Enterprises in Italy: The Trends Before and During the Crisis

Posted: 18 Apr 2011

See all articles by Ivan Lorenzon

Ivan Lorenzon

affiliation not provided to SSRN

Marcella Lucchetta

Ca Foscari University of Venice

Loriana Pelizzon

Goethe University Frankfurt - Faculty of Economics and Business Administration; Leibniz Institute for Financial Research SAFE; Ca Foscari University of Venice - Dipartimento di Economia

Date Written: March 1, 2011

Abstract

This paper analyzes the determinants of credit to medium-sized enterprises before and during the crisis in Italy. While the bank-enterprise relationship seems to be crucial in the granting of credit before the crisis of 2007, during the crisis the results show a greater virtuosity of firms entrusted, which are more efficient, capitalized and liquid. Showing a profound change in the granting of credit, based on economic and financial indicators derived from corporate accounts.

Keywords: Financial crisis, Firm credit availability

JEL Classification: G01, G21, G32

Suggested Citation

Lorenzon, Ivan and Lucchetta, Marcella and Pelizzon, Loriana, Bank Credit to Medium-Sized Enterprises in Italy: The Trends Before and During the Crisis (March 1, 2011). Bancaria No. 02-2011, Available at SSRN: https://ssrn.com/abstract=1812962

Ivan Lorenzon (Contact Author)

affiliation not provided to SSRN ( email )

Marcella Lucchetta

Ca Foscari University of Venice ( email )

Venice
Italy

Loriana Pelizzon

Goethe University Frankfurt - Faculty of Economics and Business Administration ( email )

Theodor-W.-Adorno-Platz 3
Frankfurt am Main, D-60323
Germany

Leibniz Institute for Financial Research SAFE ( email )

Theodor-W.-Adorno-Platz 3
Frankfurt am Main, 60323
Germany

HOME PAGE: http://www.safe-frankfurt.de

Ca Foscari University of Venice - Dipartimento di Economia ( email )

Cannaregio 873
Venice, 30121
Italy

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