Dutch small and medium-sized enterprises (SMEs) from 2003 to 2005. We find that the capital structure decision of Dutch SMEs … is consistent with the pecking order theory: SMEs use profits to reduce their debt level, and growing firms increase …

We study the sensitivity of banks' credit supply to small and medium size enterprises (SMEs) in the UK to banks … and bank headquarters). However, during the crisis, we find that SMEs with in their vicinity banks that have stronger …

finance to SMEs; and low numbers of bank lending relationships maintained by SMEs. We find that bank mergers generate short …