IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-349-10439-0_8.html
   My bibliography  Save this book chapter

Bank Borrowing, Small Firms, and the USM

In: The Future of Financial Systems and Services

Author

Listed:
  • Roger Buckland
  • Edward Davis

Abstract

In this chapter we address the issue of small firms’ access to bank finance, in the context of their entry to secondary equity markets and specifically Britain’s Unlisted Securities Market (the USM, set up by the Stock Exchange in late 1980). Previous research, such as Bates (1964), Wilson (1979a), or Ray and Hutchinson (1983), indicates that small companies employ more debt, generally in the form of short-term borrowing from trade creditors and the banking sector, in their capital structures. That research suggests that, given the risk associated with small firm lending, banks could be reluctant to lend in the absence of a strong equity capitalisation.

Suggested Citation

  • Roger Buckland & Edward Davis, 1990. "Bank Borrowing, Small Firms, and the USM," Palgrave Macmillan Books, in: Edward P. M. Gardener (ed.), The Future of Financial Systems and Services, chapter 8, pages 126-140, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-10439-0_8
    DOI: 10.1007/978-1-349-10439-0_8
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-349-10439-0_8. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.