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Firms' Financing Constraints : Do Perceptions Match the Actual Situation?
Ferrando, Annalisa - 2013
This paper uses a non-parametric matching procedure to match survey replies to balance sheet information. It draws on the SAFE survey on access to finance for a sample of 11886 firms in the euro area which are matched with their nearest neighbor in an extended dataset with balance sheet...
Persistent link: https://www.econbiz.de/10013078194
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Financing Obstacles Among Euro Area Firms : Who Suffers the Most?
Ferrando, Annalisa; Griesshaber, Nicolas - 2021
In this study we investigate the determinants of financing obstacles using survey data on a sample of around 5000 firms from the euro area countries. This completely new survey – started at the end of 2009 - gives us the opportunity to test whether firm characteristics such as size, age,...
Persistent link: https://www.econbiz.de/10013316096
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On the importance of prior relationships in bank loans to retail customers
Puri, Manju; Rocholl, Jörg; Steffen, Sascha - 2011
have inherent private information and are valuable in screening, in monitoring, and in reducing consumers’ incentives to …
Persistent link: https://www.econbiz.de/10011605441
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Lending Relationships in Loan Renegotiation : Evidence from Corporate Loans
Papoutsi, Melina - 2021
This paper presents evidence that personal relationships between corporate borrowers and bank loan officers improve the outcomes of loan renegotiation. Analysing a bank reorganization in Greece in the mid-2010s, I find that firms that experience an exogenous interruption in their loan officer...
Persistent link: https://www.econbiz.de/10013227323
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Who Needs Credit and Who Gets Credit in Eastern Europe?
Ongena, Steven - 2013
Based on survey data covering 8,387 firms in 20 countries we compare credit demand and credit supply for firms in Eastern Europe to those for firms in selected Western European countries. We find that firms in Eastern Europe have a higher need for credit than firms in Western Europe, and that a...
Persistent link: https://www.econbiz.de/10013092032
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Limited Liability, Strategic Default and Bargaining Power
Balatti, Mirco; López-Quiles, Carolina - 2021
In this paper we examine the effects of limited liability on mortgage dynamics. While the literature has focused on … liability plays a key role in agents' strategies. We then use Fannie Mae loan performance data to test the predictions of the … in regulation around the borders of States. As predicted by the model, we find that limited liability results in higher …
Persistent link: https://www.econbiz.de/10013243789
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Financing obstacles among euro area firms: Who suffers the most?
Ferrando, Annalisa; Griesshaber, Nicolas - 2011
In this study we investigate the determinants of financing obstacles using survey data on a sample of around 5000 firms from the euro area countries. This completely new survey – started at the end of 2009 - gives us the opportunity to test whether firm characteristics such as size, age,...
Persistent link: https://www.econbiz.de/10011605339
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Firms’ financing constraints: do perceptions match the actual situation?
Ferrando, Annalisa; Mulier, Klaas - 2013
This paper uses a non parametric matching procedure to match survey replies to balance sheet information. It draws on the SAFE survey on access to finance for a sample of 11886 firms in the euro area which are matched with their nearest neighbour in an extended dataset with balance sheet...
Persistent link: https://www.econbiz.de/10011605622
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Bank efficiency and regional growth in Europe: new evidence from micro-data
Belke, Ansgar; Haskamp, Ulrich; Setzer, Ralph - 2016
This paper examines whether European regions which incorporate banks with a higher intermediation quality grow faster and are more resilient to negative shocks than its less efficient peers. For this purpose, we measure a bank's intermediation quality by estimating its pro t and cost efficiency...
Persistent link: https://www.econbiz.de/10011606028
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Banks credit and productivity growth
Hassan, Fadi; di Mauro, Filippo; Ottaviano, Gianmarco I.P. - 2017
Financial institutions are key to allocate capital to its most productive uses. In order to examine the relationship between productivity and bank credit in the context of different financial market set-ups, we introduce a model of overlapping generations of entrepreneurs under complete and...
Persistent link: https://www.econbiz.de/10011606053