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Smaller firms and those with just one bank relationship have a higher probability of default. The findings suggest that a main bank has incentives to engage in hold up by increasing margins that ex post are too high.<\/jats:p><\/jats:sec><jats:sec><jats:title content-type=\"abstract-heading\">Practical implications<\/jats:title><jats:p>Because SMEs differ from large corporations in their credit risk (e.g., riskier, lower asset correlations), this study has implications for both banks and supervisory actors. Banks should consider qualitative variables when setting internal systems and procedures to manage credit risk. Supervisory institutions should claim mixed credit ratings to determine regulatory capital requirements.<\/jats:p><\/jats:sec><jats:sec><jats:title content-type=\"abstract-heading\">Originality\/value<\/jats:title><jats:p>This paper offers a new model, focused specifically on SMEs, and explores the role of financial and non\u2010financial factors in determining internal credit risks.<\/jats:p><\/jats:sec>","DOI":"10.1108\/01409171211247712","type":"journal-article","created":{"date-parts":[[2012,6,30]],"date-time":"2012-06-30T07:09:44Z","timestamp":1341040184000},"page":"727-749","source":"Crossref","is-referenced-by-count":27,"title":["Credit risk assessment and the impact of the New Basel Capital Accord on small and medium\u2010sized enterprises"],"prefix":"10.1108","volume":"35","author":[{"given":"Ana Paula","family":"Matias Gama","sequence":"first","affiliation":[]},{"given":"Helena","family":"Susana Amaral Geraldes","sequence":"additional","affiliation":[]}],"member":"140","reference":[{"key":"key2022031120465107600_b1","doi-asserted-by":"crossref","unstructured":"Altman, E.I. 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