Does firm size really affect the outcome of loan applications?
Based on cross-country survey data comprising more than 100,000 firm-year observations across 139 countries, we use a multinomial logit model to investigate the determinants of firms’ access to finance and why “needy” firms are discouraged from applying for bank loans. We find that the relationship...
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| Những tác giả chính: | , , |
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| Format: | Journal article |
| Jezik: | English |
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Elsevier
2022
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| Online dostop: | http://scholar.dlu.edu.vn/handle/123456789/765 https://doi.org/10.1016/j.eap.2022.04.004 |
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| Thư viện lưu trữ: | Thư viện Trường Đại học Đà Lạt |
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| Izvleček: | Based on cross-country survey data comprising more than 100,000 firm-year observations across 139 countries, we use a multinomial logit model to investigate the determinants of firms’ access to finance and why “needy” firms are discouraged from applying for bank loans. We find that the relationship between applying for a loan and firm size is non-linear. Further, we document evidence that growing firms need and apply for funds up to a certain threshold and are less likely to be discouraged. |
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