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The SME struggle for financing: a clampdown in European banks post-crisis

Author

Listed:
  • Elisabeth Paulet

    (ICN Business School, CEREFIGE - Centre Européen de Recherche en Economie Financière et Gestion des Entreprises - UL - Université de Lorraine, ESCEM Tours Poitiers - ESCEM School of Business and Management - Groupe école supérieure de commerce et de management Tours-Poitiers)

  • Mia Parnaudeau

    (ESCEM Tours Poitiers - ESCEM School of Business and Management - Groupe école supérieure de commerce et de management Tours-Poitiers)

  • Tamym Abdessemed

    (ICN Business School, CEREFIGE - Centre Européen de Recherche en Economie Financière et Gestion des Entreprises - UL - Université de Lorraine)

Abstract

Purpose – This paper aims to explore how banks have modified their behaviours since the subprime crisis and their influence on credit access for SMEs. Design/methodology/approach – This paper aims to explore how banks have modified their behaviours since the subprime crisis and their influence on credit access for SMEs. Findings – We provide evidence that strategic orientations adopted by banks (both fragile and robust) are quite voluntary and not simply the result of following regulations. Unfortunately, these orientations have hampered SMEs' access to credit. Practical implications – The core result of the paper is to emphasize that banking behaviours have considerably changed just after the subprime crisis and that SMEs have to deal with this new reality. These findings could be of interest for regulators and banking authorities to control liquidity constraints and guarantee both the stability of the global banking system and sustainable economic growth. Originality/value – Using an original data reduction method and balance sheet analysis, this paper found evidence of key changes in banking behaviours during the subprime crisis.

Suggested Citation

  • Elisabeth Paulet & Mia Parnaudeau & Tamym Abdessemed, 2014. "The SME struggle for financing: a clampdown in European banks post-crisis," Post-Print hal-01369792, HAL.
    • Handle: RePEc:hal:journl:hal-01369792
    DOI: 10.1108/JBS-09-2013-0089
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    Citations

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    Cited by:

    1. ShiXue He & Marcel Ausloos, 2017. "Impact of the Global Crisis on SME Internal vs. External Financing in China," Papers 1707.06635, arXiv.org.
    2. Riaz, Yasir & Faff, Robert & Shehzad, Choudhry Tanveer & Shahab, Yasir, 2023. "Behavioral implications of sovereign ceiling doctrine for the access to credit by firms," International Review of Financial Analysis, Elsevier, vol. 90(C).
    3. Schwab, Leila & Gold, Stefan & Reiner, Gerald, 2019. "Exploring financial sustainability of SMEs during periods of production growth: A simulation study," International Journal of Production Economics, Elsevier, vol. 212(C), pages 8-18.
    4. Gaga Loghin & Gabor Andrei & Naaji Antonela & Popescu Marius Constantin, 2016. "Analysis of the Evolution of SMEs in Western Romania Between 2011–2014, Using the Mathematical Modelling," Studia Universitatis „Vasile Goldis” Arad – Economics Series, Sciendo, vol. 26(4), pages 94-107, November.
    5. Dan Costin NIȚESCU, 2015. "A new beginning for SMEs development?," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(3(604), A), pages 39-52, Autumn.

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