Browsing Rede de Pesquisa e Conhecimento Aplicado by Author "Kampen, Stefan van"

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    • Substitution effects in private debt: evidence from SMEs 

      Muñoz, Manuel Illueca; Norden, Lars; Kampen, Stefan van
      2016
      The external finance of small- and medium-sized enterprises (SMEs) is limited to private debt such as bank credit and trade credit. SMEs generally prefer bank credit over trade credit because the former tends to be less ...

    • Substitution effects in SME finance 

      Norden, Lars; Kampen, Stefan van; Illueca, Manuel
      2018-03-20
      We investigate whether SMEs with demand for credit increase their trade credit usage after they experience a negative shock to bank credit. We base our analysis on a large sample of SMEs from the five biggest European ...