Abstract

MATIAS, Miguel Neves. Relationship banking and SME financing: a literature review. Rev. Portuguesa e Brasileira de Gestão [online]. 2009, vol.8, n.1, pp.21-31. ISSN 1645-4464.

Given the well-known inadequacies of the financial statements on Small and Medium-sized Enterprises (SME), and, in particular on Micro and Small-sized Enterprises (MSE), the relationship banking has been coming to assume a primordial role in the process of credit risk valuation. However, in spite of the recognition, in general, of the importance of relationship banking to SME financing, theoretical and empirical work is not consensual about its true effects on funds availability and loan conditions for SME.

Keywords : Banking Relationship; SME Financing; Asymmetric Information; Hold up Problem.

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