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How Bank Competition Affects Firms' Access to Finance [electronic resource] Inessa Love

Author/Creator:
Love, Inessa
Publication:
Washington, D.C., The World Bank, 2012
Format/Description:
Government document
Book
1 online resource
Series:
Policy research working papers.
World Bank e-Library.
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Other Title:
World Bank working papers.
System Details:
Mode of access: World Wide Web.
Summary:
Combining multi-year, firm-level surveys with country-level panel data for 53 countries, the authors explore the impact of bank competition on firms' access to finance. They find that low competition, as measured by high values of the Lerner index, diminishes firms' access to finance, while commonly-used bank concentration measures are not robust predictors of firms' access to finance. In addition, they find that the impact of competition on access to finance depends on the environment that banks operate in. Some features of the environment, such as greater financial development and better credit information, can mitigate the damaging impact of low competition. But other characteristics, such as high government bank ownership, can exacerbate the negative effect.
Notes:
Description based on print version record.
Contributor:
Love, Inessa
Martínez Pería, María Soledad
World Bank.
Other format:
Print version: Love, Inessa How Bank Competition Affects Firms' Access to Finance.
Publisher Number:
10.1596/1813-9450-6163
Access Restriction:
Restricted for use by site license.