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Small-business financing after the financial crisis – lessons from the literature

Small-business financing after the financial crisis – lessons from the literature PurposeThe purpose of this paper is to examine the status of small-business lending following the recession.Design/methodology/approachThe authors survey the literature and analyze recent surveys of small-business lending.FindingsThe results reinforce the importance of owner equity as a primary source of small-business financing. In addition, the authors find that small firms have been seeking and obtaining less capital since the 2008 financial crisis.Research limitations/implicationsThe findings about the main sources of small-business financing will be informative when formulating financial regulation.Social implicationsThe available evidence suggests that new regulation of the financial services industry may be restricting access to products that small-business owners rely on and may adversely affect small banks.Originality/valueThe authors offer the most recent analysis of small-business financing, focusing on changes that may have been caused by the recession and major financial regulations. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Enterpreneurship and Public Policy Emerald Publishing

Small-business financing after the financial crisis – lessons from the literature

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References (62)

Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
2045-2101
DOI
10.1108/JEPP-D-17-00005
Publisher site
See Article on Publisher Site

Abstract

PurposeThe purpose of this paper is to examine the status of small-business lending following the recession.Design/methodology/approachThe authors survey the literature and analyze recent surveys of small-business lending.FindingsThe results reinforce the importance of owner equity as a primary source of small-business financing. In addition, the authors find that small firms have been seeking and obtaining less capital since the 2008 financial crisis.Research limitations/implicationsThe findings about the main sources of small-business financing will be informative when formulating financial regulation.Social implicationsThe available evidence suggests that new regulation of the financial services industry may be restricting access to products that small-business owners rely on and may adversely affect small banks.Originality/valueThe authors offer the most recent analysis of small-business financing, focusing on changes that may have been caused by the recession and major financial regulations.

Journal

Journal of Enterpreneurship and Public Policy – Emerald Publishing

Published: Nov 6, 2017

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