Duc Nguyen Nguyen; Mishra, Anil V.; Daly, Kevin James - In: Borsa Istanbul Review 22 (2022) 6, pp. 1045-1061
This study investigates the relationship between bank market power and firms’ financing constraints, indicated by the …-size enterprises (SMEs) in 113 countries around the world. Our results from a probit selection model indicate that higher bank market …, we document a U-shaped relationship between them. Our results are robust to various measures of bank market power and an …