Bank Liquidity Provision Across the Firm Size Distribution

We use supervisory loan-level data to document that small firms (SMEs) obtain shorter maturity credit lines than large firms; have less active maturity management; post more collateral; have higher utilization rates; and pay higher spreads. We rationalize these facts as the equilibrium outcome of a

本研究采用监管级贷款微观数据，证实小型企业（中小企业，Small and Medium-sized Enterprises，缩写SMEs）相较于大型企业，所获信贷额度期限更短、到期期限管理活跃度更低、需提供更多抵押担保品、信贷额度使用率更高，且需支付更高的贷款利差。我们将上述事实合理化阐释为某一均衡结果的

搜集汇总

背景与挑战

背景概述

该数据集研究银行对不同规模企业（小型与大型）的流动性提供差异，发现小型企业通常获得期限更短的信贷额度、抵押要求更高、利率更高，且在COVID-19衰退期间面临更大的信贷约束。研究还指出PPP贷款帮助缓解了小型企业的信贷短缺问题。