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The Responses of Small and Large Firms to Tight Credit Shocks : The Case of 2008 Through the Lens of Gertler and Gilchrist (1994), No. 10-10

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The Responses of Small and Large Firms to Tight Credit Shocks : The Case of 2008 Through the Lens of Gertler and Gilchrist (1994), No. 10-10

DATE: October 2010

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ABSTRACT: Do large firms and small firms behave differently when credit becomes more costly or harder to obtain? Past research has found that small firms are more likely to be credit-constrained and thus tend to be affected more negatively than large firms during such times. Recent findings from the 2007-2009 recession, however, raise questions about the roles of small and large firms during periods of tight credit.

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Kudlyak, Marianna , Price, David A. , Sanchez, Juan M. (Juan Matias), 1978- and Federal Reserve Bank of Richmond. "The Responses of Small and Large Firms to Tight Credit Shocks : The Case of 2008 Through the Lens of Gertler and Gilchrist (1994), No. 10-10," Economic Brief (October 2010). https://fraser.stlouisfed.org/title/6034/item/583881, accessed on June 3, 2023.

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