We analyze the relationship between bank size and risk-taking under the New Basel Capital Accord. Using a model with imperfect competition and moral hazard, we show that the introduction of an internal ratings based (IRB) approach improves upon flat capital requirements if the approach is...

Small and medium-sized enterprises are a centrepiece of Europe's economy. Due to their limited size and their generally lower creditworthiness, their access to financial market instruments is more limited than for large enterprises, which benefit from more elaborate Treasury operations,...

This paper is an analysis of Japan’s credit channel. The economic condition has no hindrance, but credit demand showed an inert performance. The state’s policies have helped the flow of finance and prevent bankruptcy, but several other aspects act as an impediment to credit...

Small and medium-sized enterprises (SMEs) face obstacles in raising capital and accessing financial services due to information asymmetry, high transaction costs and lack of collateral. FinTech developments have made gathering and sharing information easier, changed how funds are mobilized and...

This paper examines access to business finance by Canadian small and medium-sized enterprises (SMEs) and to housing finance by Canadian households (particularly non-prime borrowers) against the background of a fairly concentrated and protected banking industry. It finds access broadly adequate...

PPurpose – The purpose of this paper is to explore the sophistication of internet financial reporting (IFR) for Turkish listed firms and explore firm-specific drivers. Design/methodology/approach – The study surveys the web sites of all firms listed on the Istanbul Stock Exchange (ISE)...

Purpose – The purpose of this paper is to explore the sophistication of internet financial reporting (IFR) for Turkish listed firms and explore firm‐specific drivers. Design/methodology/approach – The study surveys the web sites of all firms listed on the Istanbul Stock Exchange (ISE)...