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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The Creative Europe project ‘Urban Travel Machines’ at Tartu international literary festival in Estonia
Eleven Aalto Arts students and VCD Lecturer Tarja Nieminen participated in the Tartu international literary festival Prima Vista from 9th to 13th May 2023.
The BalticSeaH2 project starts building a hydrogen valley around the Baltic Sea
Aalto University will focus on studying the use of data-mediated network effects to boost the growth in the hydrogen valley.Maintenance break in ACRIS on 5 June 2023
Maintenance break in ACRIS on 5 June 2023