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of bank competition on firms' access to finance. We find that low competition, as measured by high values of the Lerner … index, diminishes firms' access to finance, while commonly-used bank concentration measures are not robust predictors of … firms' access to finance. In addition, the impact of competition on access to finance depends on the environment that banks …
Persistent link: https://www.econbiz.de/10013090242
of bank competition on firms' access to finance. They find that low competition, as measured by high values of the Lerner … information, can mitigate the damaging impact of low competition. But other characteristics, such as high government bank … index, diminishes firms' access to finance, while commonly-used bank concentration measures are not robust predictors of …
Persistent link: https://www.econbiz.de/10012975068
The paper investigates the link between bank concentration and a country's buyout market. We perform a macro level … for the size of the buyout market. The elasticity ranges from 1 up to 3 percent depending on which bank concentration … measure is employed and what segment of buyout market we look at. We also find that bank concentration is irrelevant for the …
Persistent link: https://www.econbiz.de/10011387151
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We use unique data on banks' private risk assessments of corporate borrowers to quantify how competition among banks … affect the risk sensitivity of interest rates in the Norwegian credit market. We show that an increase in competition makes … channel of how the competition-fragility nexus can operate. …
Persistent link: https://www.econbiz.de/10012795608
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literature, little is known about the relationship between the bank market structure and access to finance for opaque firms …, particularly in developing economies such as South Africa. Using ordered probit and logit models, we investigate the impact of bank … market structure on small, micro and medium enterprises (SMMEs)access to finance. Our results show that high bank …
Persistent link: https://www.econbiz.de/10013500627
-size enterprises (SMEs) in 113 countries around the world. Our results from a probit selection model indicate that higher bank market …This study investigates the relationship between bank market power and firms’ financing constraints, indicated by the … likelihood of being discouraged from applying for bank loans. The full data sample covers more than 72,000 small and medium …
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