Why discouraged borrowers exist? An empirical (re)examination from less developed countries

• Tipo: Artigo em Revista Científica Internacional
• Data: 2017

Autores

Matias Gama, APM (Autor) Outra; Duarte, FD (Autor) Outra; Esperanca, JP (Autor) Outra

Revista

Título: Emerging Markets Review

Vol. 33

Páginas: 19-41

ISSN: 1566-0141

Editora: Elsevier

Indexação

ISI Web of Knowledge - 33 Citações

Scopus - 42 Citações

Outras Informações

ID Authenticus: P-00N-F8F

DOI: 10.1016/j.ememar.2017.08.003

Abstract (EN): 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. (C) 2017 Published by Elsevier B.V.

Idioma: Inglês

Tipo (Avaliação Docente): Científica

Nº de páginas: 23