Template-Type: ReDIF-Paper 1.0
Author-Name: Giovanni Ferri
Author-X-Name-First: Giovanni
Author-X-Name-Last: Ferri
Author-Email: g.ferri@lumsa.it
Author-Workplace-Name: LUMSA University 
Author-Name: Raoul Minetti 
Author-X-Name-First: Raoul
Author-X-Name-Last: Minetti
Author-Email: minetti@msu.edu
Author-Workplace-Name: Michigan State University
Author-Name: Pierluigi Murro 
Author-X-Name-First: Pierluigi
Author-X-Name-Last: Murro
Author-Email: pmurro@luiss.it
Author-Workplace-Name: LUISS University 
Title: Credit Relationships in the Great Trade Collapse. Micro Evidence From Europe

Abstract: Using a rich sample of small and medium-sized European manufacturers, we investigate the nexus between banks' relationship lending technologies and firms' export activities during the 2009 great trade collapse. We find that the contraction of firms' export was milder when banks had access to up-to-date "soft" information on firms' export prospects. However, we find no evidence of an association between the resilience of firms' export and banks' experience on firms' past activities. The nexus between export resilience and banks' access to soft information is especially tight for young and small exporters and for firms at an early stage of internationalization.
Length: 35 pages
Creation-Date: 2018-08
Publication-Status: 
File-URL: https://repec.lumsa.it/wp/wpC26.pdf
File-Format: Application/pdf
Number: wpC26
Classification-JEL: G21, D82, F10
Keywords: Bank-Firm Relationships, Lending Technologies, Trade
Handle: RePEc:lsa:wpaper:wpC26