Autori
Errico, Lucia
Rondinella, Sandro

Titolo
Exploring Territorial Differences on the Role of Enduring Lending Relationships for Firms’ Performance in Bad Times
Periodico
Scienze regionali
Anno: 2026 - Fascicolo: 1 - Pagina iniziale: 33 - Pagina finale: 57

This paper investigates the role of enduring lending relationships in the performance of Italian SMEs. In doing so, we exploit the bad times that firms experienced with the Dot-com Bubble and the 2007-2008 financial crisis by analysing the productivity outcome measure. The findings reveal a positive correlation between the duration of credit relationships and SMEs’ productivity. Notably, this relationship is influenced by the geographical location of the firm. Additionally, the impact varies among sectors, namely high-tech and low-tech. Specifically, long-lasting lending relationships seem to have a beneficial effect on SMEs’ productivity in the Central and Southern parts of the country.



SICI: 1720-3929(2026)1<33:ETDOTR>2.0.ZU;2-3
Testo completo: https://www.rivisteweb.it/download/article/10.14650/112441
Testo completo alternativo: https://www.rivisteweb.it/doi/10.14650/112441

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