摘要：AbstractThe impact of banking relationships on SME credit rationing has been widely discussed in the literature, although the analysis of guarantee rationing has perhaps received the least attention. In our opinion, this analysis should adopt a multi-dimensional focus instead of being treated separately as in previous studies. To this end, this rationing is quantified in aggregated form, through the degree of guarantee rationing. The banking relationship characteristics of SMEs in Spain that affect this phenomenon are analyzed empirically applying Multiple Linear Regression. The recommendations to the SME about their connection with the banking entity to bear a lesser degree of guarantee rationing, it is to keep fewer banking relationships and a higher trust level with the financial institutions.
关键词：Guarantee rationing;number of banking relationships;duration of banking relationship;SME
