Bank market power and discouraged SMEs: International evidence
This study investigates the relationship between bank market power and firms’ financing constraints, indicated by the likelihood of being discouraged from applying for bank loans. The full data sample covers more than 72,000 small and medium-size enterprises (SMEs) in 113 countries around the world....
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Elsevier
2022
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oai:scholar.dlu.edu.vn:123456789-8592022-08-22T02:13:25Z Bank market power and discouraged SMEs: International evidence Nguyễn, Đức Nguyên Mishra, Anil V. Daly, Kevin Bank market power Competition Discouraged SMEs Financing constraints This study investigates the relationship between bank market power and firms’ financing constraints, indicated by the likelihood of being discouraged from applying for bank loans. The full data sample covers more than 72,000 small and medium-size enterprises (SMEs) in 113 countries around the world. Our results from a probit selection model indicate that higher bank market power is associated with a lower likelihood of financial constraint. In addition, when we allow for a nonmonotonic effect, we document a U-shaped relationship between them. Our results are robust to various measures of bank market power and an alternative measure of financing constraints. Lastly, we show that the depth of the credit information-sharing mechanism plays a moderating role in the bank market power–discouragement nexus. 2022-08-21T22:04:24Z 2022-08-21T22:04:24Z 2022 Journal article Bài báo đăng trên tạp chí thuộc ISI, bao gồm book chapter http://scholar.dlu.edu.vn/handle/123456789/859 10.1016/j.bir.2022.07.010 en Borsa Istanbul Review Elsevier |
| institution |
Thư viện Trường Đại học Đà Lạt |
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Thư viện số |
| language |
English |
| topic |
Bank market power Competition Discouraged SMEs Financing constraints |
| spellingShingle |
Bank market power Competition Discouraged SMEs Financing constraints Nguyễn, Đức Nguyên Mishra, Anil V. Daly, Kevin Bank market power and discouraged SMEs: International evidence |
| description |
This study investigates the relationship between bank market power and firms’ financing constraints, indicated by the likelihood of being discouraged from applying for bank loans. The full data sample covers more than 72,000 small and medium-size enterprises (SMEs) in 113 countries around the world. Our results from a probit selection model indicate that higher bank market power is associated with a lower likelihood of financial constraint. In addition, when we allow for a nonmonotonic effect, we document a U-shaped relationship between them. Our results are robust to various measures of bank market power and an alternative measure of financing constraints. Lastly, we show that the depth of the credit information-sharing mechanism plays a moderating role in the bank market power–discouragement nexus. |
| format |
Journal article |
| author |
Nguyễn, Đức Nguyên Mishra, Anil V. Daly, Kevin |
| author_facet |
Nguyễn, Đức Nguyên Mishra, Anil V. Daly, Kevin |
| author_sort |
Nguyễn, Đức Nguyên |
| title |
Bank market power and discouraged SMEs: International evidence |
| title_short |
Bank market power and discouraged SMEs: International evidence |
| title_full |
Bank market power and discouraged SMEs: International evidence |
| title_fullStr |
Bank market power and discouraged SMEs: International evidence |
| title_full_unstemmed |
Bank market power and discouraged SMEs: International evidence |
| title_sort |
bank market power and discouraged smes: international evidence |
| publisher |
Elsevier |
| publishDate |
2022 |
| url |
http://scholar.dlu.edu.vn/handle/123456789/859 |
| _version_ |
1768305873185144832 |