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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 …
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"The authors study the effect of financial crises on trade credit in a sample of 890 firms in six emerging economies. They find that although provision of trade credit increases right after the crisis, it consequently collapses in the following months and years. The authors observe that firms...
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The authors study the effect of financial crises on trade credit in a sample of 890 firms in six emerging economies. They find that although provision of trade credit increases right after the crisis, it consequently collapses in the following months and years. The authors observe that firms...
Persistent link: https://www.econbiz.de/10012554173
"Although it is widely accepted that financial development is associated with higher growth, the evidence on the channels through which credit affects growth on the micro-level is scant. Using data from a cross section of Bulgarian firms, the authors estimate the impact of access to credit (as...
Persistent link: https://www.econbiz.de/10010522140
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which finance impacts growth are still unclear. Thus, this research seeks toclarify: (1) whether finance causes growth, and …
Persistent link: https://www.econbiz.de/10013150103