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Access to credit : awareness and use of formal and informal credit institutions
Campero, Alejandra; Kaiser, Karen - 2013
In this paper we study the determinants of use of formal and informal credit sources. Given that awareness is a necessary step towards use of credit, in order to control for the possible selection bias we decompose the decision to use credit as a two stage decision process in which first,...
Persistent link: https://www.econbiz.de/10009761989
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Informal Loans in Russia : Credit Rationing or Borrower's Choice?
Semenova, Maria - 2013
This paper examines the strategies of Russian households for choosing either the formal or informal banking sector as a source of credit. We aim to learn why households refuse to become clients of a bank and prefer to instead raise funds by borrowing from individuals – friends, colleagues,...
Persistent link: https://www.econbiz.de/10013079860
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Bank lending, geographical distance, and credit risk : an empirical assessment of the Church Tower Principle
Carling, Kenneth; Lundberg, Sofia - 2002
Does the Church Tower Principle, i.e. geographical proximity between borrowing firm and lending bank, matter in credit risk management? If so, the bank might expose itself to a greater risk by lending to distant firms and should therefore respond by rationing them harder. In this paper we...
Persistent link: https://www.econbiz.de/10011585141
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Young enterprises and bank credit denials
Mascia, Danilo V. - 2018
By employing a sample of 20,956 observations of non-financial SMEs headquartered in the Euro area, between 2009 and 2015, we test whether young businesses are more likely to face credit rejections from lenders than their older peers. Our findings appear to confirm our suspicions that new...
Persistent link: https://www.econbiz.de/10011845249
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Financial inclusion, regulation, and education in Germany
Neuberger, Doris - 2015
by public savings banks, credit cooperatives, public promotional banks, and guarantee banks using the "housebank" model …
Persistent link: https://www.econbiz.de/10010532087
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Elections hinder firms' access to credit
Léon, Florian; Weill, Laurent - 2022
To analyze whether the occurrence of elections affects access to credit for firms, we perform an investigation using firm-level data covering 44 developed and developing countries. The results show that elections impair access to credit. Specifically, firms are more credit-constrained in...
Persistent link: https://www.econbiz.de/10012819438
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Banks credit and productivity growth in the EU
Hassan, Fadi; Di Mauro, Filippo; Ottaviano, Gianmarco I. P. - 2016
Financial institutions are key to allocate capital to its most productive uses. In order to examine the relationship between bank credit and firm-level productivity in the context of different financial markets set-ups, we introduce a model of overlapping generations of entrepreneurs under...
Persistent link: https://www.econbiz.de/10011574057
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Income inequality and private bank credit in developed economies
Kvedaras, Virmantas - 2017
The influence of financial deepening on income inequality in developed economies is studied with particular interest in … economies (Kunieda et al., 2014) and extending its implications for the top-income shares, it is shown that a simultaneous … growth rate increases inequality, as measured by both the Gini index and the top-income shares. To establish the effect on …
Persistent link: https://www.econbiz.de/10012054552
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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/10011636916
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Finance and inequality : the distributional impacts of bank credit rationing
Choudhary, M. Ali; Jain, Anil - 2017
We analyze reductions in bank credit using a natural experiment where unprecedented flooding differentially affected banks that were more exposed to flooded regions in Pakistan. Using a unique dataset that covers the universe of consumer loans in Pakistan and this exogenous shock to bank...
Persistent link: https://www.econbiz.de/10011779563