Using a theoretical model that incorporates asymmetric information and differing comparative advantages among lenders, this paper analyzes the impact of lender entry on credit access and aggregate net output. The model shows that lender entry has the potential to create a segmented market that increases credit access for those firms targeted by the new lenders but potentially reduces credit acc...

Abstract Using a unique proprietary dataset from large European commercial bank containing granular loan-level information on credit lines to mid-corporate firms, we investigate the bank’s decisions allow firms retain existing at time of acute financial instability. Our results highlight importance bank-firm relationships during crisis times. Existing borrowers who actively used their were not ...

Capital need is a challenge experienced by MSME. Semarang city government provides an innovation of capital access assistance to MSMEs with Revolving Fund Loan Program, namely WIBAWA Credit. status feasible and not bankable, due non-fulfillment 5C principle. This study credit determinant analysis aims develop granting patterns. Secondary research data were obtained from Dinkop & UMKM Kota P...

We use a sample of over 80,000 Spanish companies started by sole entrepreneur between 2004 and 2014, distinguish male female entrepreneurs demand for credit, credit approval ratio, performance. find that who start business are less likely to ask loan. Of the requesting probability obtaining one in founding year is significantly lower than their peers same industry. This access disappears subseq...

This paper provides a theoretical model of an open economy credit channel including currency mismatch and financial fragility where exporting firms have access to international credit but non-exporting firms do not. The impact of the crisis is predicted to be dramatically different for exporters/non-exporters. We examine firms’ access to external finance in four Asian economies after 1997 using...

Difference in the time spent on SumNi compared to SumNc does not agree with what we might normally expect. A possible reason to explain the similarity in viewing times could be that users may skim the longer summaries, glancing over familiar parts, content already seen, and instead focusing on the new parts. The baseline summaries follow a more expected pattern, though again the margin of diffe...