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SMEs, banks and the spatial differentiation of access to finance
Ist Teil von
Journal of economic geography, 2017-07, Vol.17 (4), p.791-824
Ort / Verlag
Oxford: OXFORD UNIVERSITY PRESS
Erscheinungsjahr
2017
Quelle
Oxford Journals 2020 Social Sciences
Beschreibungen/Notizen
By utilizing the SME Finance Monitor and a unique dataset on the geographical location of all bank branches in 11 UK economic regions, this paper examines the relevance of spatial differentiation on SMEs’ access to bank finance during the period of economic weakness following the 2007 financial crisis. We find evidence suggesting the presence of a regional-specific effect on SMEs’ access to bank finance. Our findings show that greater functional distance between bank headquarters and branches exacerbates the credit constraints faced by local SMEs although the impact of a smaller operational distance between branches and local SMEs is inconclusive, ceteris paribus. Our finding holds over a battery of robustness tests.