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Karolin Kirschenmann's Article Credit Rationing in Small Business Bank Relationships Accepted for Journal of Financial Intermediation

The article "Credit rationing in small firm-bank relationships" is published at the Journal of Financial Intermediation

The article "Credit rationing in small firm-bank relationships" focuses on credit rationing in small firm-bank relationships by using a unique data set of matched loan applications and contracts. The author establishes the degree of credit rationing by relating a firm's requested loan amount to the bank's granted amount. In line with theoretical predictions, credit rationing is higher for opaque than transparent firms at the beginning of their bank relationships and decreases over time for both. After testing for several alternative explanations, the results suggest that information and incentive problems explain the observed credit rationing and its dynamics.

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Logo for ABRA consisting of a grey a-shaped logo and the text ARTIFICIAL BIOLOGY, ROBOTICS & ART
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Call for interest to participate in the Artificial Biology, Robotics, and Art (ABRA) Workshop Series

ABRA is calling for applications to participate in a series of international transdisciplinary workshops between September 2021 and June 2023.
Sähkötekniikan korkeakoulun vuoden alumnin Mikko J. Salmisen hymy oli herkässä, kun Otakaaren katoilta Otaniemestä löytyi hänen aikanaan teekkareiden käytössä ollut Telesten lautasantenni. Kuva: Aalto-yliopisto / Ira Matilainen
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Alumnus of the Year Mikko J. Salminen encourages multidisciplinary studies

Mikko J. Salminen was selected as Alumnus of the Year for 2021 at Aalto University's School of Electrical Engineering. The selection was made public at the centenary celebration of the Guild of Electrical Engineering on Saturday, 23 October.
Janne Laine sits on a tall black chair, dressed in a tuxedo, wearing the Dean of School of Cheminal Engineering ceremonial link necklace, smiling. Background is white and slightly wavy.
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Vice President Janne Laine's portrait was revealed

The portrait was created by Aalto alumna Erica Nyholm.
Games Now!
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Games Now! – Open lectures on game development

Games Now! is an open lecture series on the dominant topics and emerging trends in games.