Using a proprietary quarterly database of lending decisions (N=3,687) from 3/31/2019 to 12/31/2020, for Small and Medium-sized Enterprises (SMEs), the paper investigates how the financial measures introduced by Law Decree No. 18 of 17 March 2020 in terms of moratorium of interest could have effectively slacked liquidity shortfalls during the COVID-19 outbreak. Findings suggest that a public measure of assessment works better in the case of low risk and large firms as well as in presence of personal guarantee and a strong relationship lending story.

PAOLA BRIGHI, SABRINA SEVERINI (2023). The COVID-19 loan moratorium and SMEs' liquidity shortfall. Londra : Routledge [10.4324/9781003310754-6].

The COVID-19 loan moratorium and SMEs' liquidity shortfall

PAOLA BRIGHI;
2023

Abstract

Using a proprietary quarterly database of lending decisions (N=3,687) from 3/31/2019 to 12/31/2020, for Small and Medium-sized Enterprises (SMEs), the paper investigates how the financial measures introduced by Law Decree No. 18 of 17 March 2020 in terms of moratorium of interest could have effectively slacked liquidity shortfalls during the COVID-19 outbreak. Findings suggest that a public measure of assessment works better in the case of low risk and large firms as well as in presence of personal guarantee and a strong relationship lending story.
2023
COVID-19 and European Banking Performance: Resilience, Recovery and Sustainability
87
101
PAOLA BRIGHI, SABRINA SEVERINI (2023). The COVID-19 loan moratorium and SMEs' liquidity shortfall. Londra : Routledge [10.4324/9781003310754-6].
PAOLA BRIGHI; SABRINA SEVERINI
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11585/857429
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