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Drivers and Obstacles to Banking SMEs : The Role of Competition and the Institutional Framework

de la Torre, Augusto - 2009

foster SME lending and attention has focused on improving the institutional environment, such that the financial system is … more willing to lend to SMEs. In this paper, we directly ask banks (the main providers of SME external finance) what … and retail sectors. They perceive the SME market as highly profitable, large, and with good prospects. Moreover, banks are …

Persistent link: https://www.econbiz.de/10013159698

SMEs and Access to Bank Credit : Evidence on the Regional Propagation of the Financial Crisis in the UK

Degryse, Hans - 2015

We study the sensitivity of banks' credit supply to small and medium size enterprises (SMEs) in the UK to banks' financial condition before and during the financial crisis. Employing unique data on the geographical location of all bank branches in the UK, we connect firms' access to bank credit...

Persistent link: https://www.econbiz.de/10013019405

Euro Area SMEs Under Financial Constraints : Belief or Reality?

Artola, Concha - 2013

reporting acute problems of access to external finance. Using firm-level replies to the SME survey on access to finance, we use …

Persistent link: https://www.econbiz.de/10013092075

Do Banks Pass Through Credit Expansions? The Marginal Profitability of Consumer Lending During the Great Recession

Agarwal, Sumit - 2015

We examine the ability of policymakers to stimulate household borrowing and spending during the Great Recession by reducing banks' cost of funds. Using panel data on 8.5 million U.S. credit card accounts and 743 credit limit regression discontinuities, we estimate the marginal propensity to...

Persistent link: https://www.econbiz.de/10013013488

Credit Misallocation During the European Financial Crisis

Schivardi, Fabiano - 2017

Do banks with low capital extend excessive credit to weak firms, and does this matter for aggregate efficiency? Using a unique data set that covers almost all bank-firm relationships in Italy in the period 2004-2013, we find that, during the Eurozone financial crisis: (i) Under-capitalized banks...

Persistent link: https://www.econbiz.de/10012958446

Comparing Default Predictions in the Rating Industry for Different Sets of Obligors

Kraemer, Walter - 2016

We generalize the refinement ordering for well calibrated probability forecasters to the case were the debtors under consideration are not necessarily identical. This ordering is consistent with many well known skill scores used in practice. We also add an illustration using default predictions...

Persistent link: https://www.econbiz.de/10012996461

A Micro Data Aproach to the Identification of Credit Crunches

Rottmann, Horst - 2013

This paper presents a micro data approach to the identification of credit crunches. Using a survey among German firms which regularly queries the firms' assessment of the current willingness of banks to extend credit we estimate the probability of a restrictive credit supply policy by time...

Persistent link: https://www.econbiz.de/10013094402

Default Predictors and Credit Scoring Models for Retail Banking

Kočenda, Evžen - 2013

This paper develops a specification of the credit scoring model with high discriminatory power to analyze data on loans at the retail banking market. Parametric and non- parametric approaches are employed to produce three models using logistic regression (parametric) and one model using...

Persistent link: https://www.econbiz.de/10013095290

Electoral Cycles in Savings Bank Lending

Englmaier, Florian - 2013

We provide evidence that German savings banks – where local politicians are by law involved in their management – systematically adjust lending policies in response to local electoral cycles. The different timing of county elections across states and the existence of a control group of...

Persistent link: https://www.econbiz.de/10013075619

FDI and Taxation : A Meta-Study

Feld, Lars P. - 2009

Despite the continuing political interest in the usefulness of tax competition and tax coordination as well as the wealth of theoretical analyses, it still remains open whether or when tax competition is harmful. Moreover, the influence of tax differentials on multinationals' decisions is still...

Persistent link: https://www.econbiz.de/10012764967

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