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This study delves into the impact of technological bank innovations on small and medium-sized enterprise (SME) borrowing across the European Union. By analyzing a comprehensive dataset of 179,921 SME-bank lending relationships from 2009 to 2019, we explore the mechanisms through which...
Persistent link: https://www.econbiz.de/10015071855
; supply-side factors, demand-side factors, market opportunity, and collateral requirements have a positive effect on the firm …
Persistent link: https://www.econbiz.de/10012622419
Using firm-level surveys for up to 73 countries, this paper explores the impact of introducing collateral registries … introduced collateral registries for movable assets against three control groups: firms in all countries that did not introduce a … for movable assets, and firms in countries that undertook other types of collateral reforms but did not set up registries …
Persistent link: https://www.econbiz.de/10012560085
support services, the structure of banks, and the collateral requirements of the financial sector. …
Persistent link: https://www.econbiz.de/10013459389
This study explores to answer the question: does the introduction of a moveable collateral registry lead to significant … collected from the moveable collateral registry and commercial banks in Malawi. The findings indicate that the introduction of … preferred collateral and ability to repay the loan is the most important consideration amongst banks in assessing whether to …
Persistent link: https://www.econbiz.de/10014500506
Collateral is a significant challenge for small and medium enterprises (SMEs) in acquiring formal credit. Bank market … concentration can cause to increase collateral demand through enhancing bank market power. This study explores the relationship … between bank market concentration and the collateral challenges faced by SMEs in accessing bank credit by employing a probit …
Persistent link: https://www.econbiz.de/10015334651
This study analyses the cost of financial distress of non-financial firms listed on the Pakistan stock exchange. Furthermore, it considers the moderating role of concentrated ownership in the relationship between debt and expected financial distress costs. We used the panel data of 214 firms...
Persistent link: https://www.econbiz.de/10014500702
theory, leverage acquisition is subject to the presence of fixed assets which can be used as collateral. The current study …
Persistent link: https://www.econbiz.de/10012519593
The market for external ratings is dominated worldwide as well as in the European Union (EU) by three major credit rating agencies (CRAs). These "Big Three" are Standard & Poor's (S&P), Moody's and Fitch Ratings. Due to the oligopolistic market structure and possible involvement in the 2008...
Persistent link: https://www.econbiz.de/10012542964
Efficient and effective working capital management is crucial given its impact on the company's profitability. The focus of the research in this paper is the impact of individual components of working capital on the profitability of industrial companies. The research was conducted on a sample of...
Persistent link: https://www.econbiz.de/10013382101