Ongena, S.; Popov, A.; Udell, G.F. - Tilburg University, Center for Economic Research - 2011
-tailing in host-country markets. We analyze lending by 136 banks to 8,253 firms in 1,513 different localities across 13 countries … rates by banks in host-country markets, but that the resulting loans are mostly to small, unaudited, nonexporting, and … innovative firms. The results are stronger when banks are less efficiently supervised at home, and they are observed …