Why discouraged borrowers exist? An empirical (re)examination from less developed countries
| Autor: | Fábio Duarte, Ana Paula Matias Gama, José Esperança |
|---|---|
| Rok vydání: | 2017 |
| Předmět: |
Economics and Econometrics
Event of default Creditor Central asia Developing country SMEs Monetary economics 0502 economics and business Economics Business and International Management Finance 050208 finance business.industry Information sharing 05 social sciences 1. No poverty Rationing Self-selection Ciências Sociais::Economia e Gestão [Domínio/Área Científica] Discouraged borrowers Legal protection Loan 8. Economic growth business 050203 business & management Less developed countries |
| Zdroj: | Repositório Científico de Acesso Aberto de Portugal Repositório Científico de Acesso Aberto de Portugal (RCAAP) instacron:RCAAP |
| ISSN: | 1566-0141 |
| DOI: | 10.1016/j.ememar.2017.08.003 |
| Popis: | Using the fourth-round database of the Business Environment and Enterprise Performance Survey (2008/09 BEEPS), this study examines the determinants of discouragement in less developed countries in Eastern Europe and Central Asia. The results show that whereas firms' opaqueness, demographic factors, and distance between lenders and borrowers better explain the discouragement due to tough loan prices and/or loan application procedures, firm risk and banking concentration explain the incidence of discouraged borrowers due to the fear of rationing. Innovator status, the legal protection of creditors and lenders in the event of default, and the coverage of information sharing instruments help explain discouragement in a transversal way. info:eu-repo/semantics/acceptedVersion |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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