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

Detalhes bibliográficos
Autor(a) principal: Gama, A. P. M.
Data de Publicação: 2017
Outros Autores: Duarte, F. D., Esperança, J. P.
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10071/14772
Resumo: 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.
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spelling Why discouraged borrowers exist? An empirical (re)examination from less developed countriesDiscouraged borrowersLess developed countriesSelf-selectionSMEsUsing 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.Elsevier2017-12-14T17:18:49Z2017-01-01T00:00:00Z20172019-03-25T13:04:32Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10071/14772eng1566-014110.1016/j.ememar.2017.08.003Gama, A. P. M.Duarte, F. D.Esperança, J. P.info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-11-09T17:35:15Zoai:repositorio.iscte-iul.pt:10071/14772Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T22:15:56.918910Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Why discouraged borrowers exist? An empirical (re)examination from less developed countries
title Why discouraged borrowers exist? An empirical (re)examination from less developed countries
spellingShingle Why discouraged borrowers exist? An empirical (re)examination from less developed countries
Gama, A. P. M.
Discouraged borrowers
Less developed countries
Self-selection
SMEs
title_short Why discouraged borrowers exist? An empirical (re)examination from less developed countries
title_full Why discouraged borrowers exist? An empirical (re)examination from less developed countries
title_fullStr Why discouraged borrowers exist? An empirical (re)examination from less developed countries
title_full_unstemmed Why discouraged borrowers exist? An empirical (re)examination from less developed countries
title_sort Why discouraged borrowers exist? An empirical (re)examination from less developed countries
author Gama, A. P. M.
author_facet Gama, A. P. M.
Duarte, F. D.
Esperança, J. P.
author_role author
author2 Duarte, F. D.
Esperança, J. P.
author2_role author
author
dc.contributor.author.fl_str_mv Gama, A. P. M.
Duarte, F. D.
Esperança, J. P.
dc.subject.por.fl_str_mv Discouraged borrowers
Less developed countries
Self-selection
SMEs
topic Discouraged borrowers
Less developed countries
Self-selection
SMEs
description 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.
publishDate 2017
dc.date.none.fl_str_mv 2017-12-14T17:18:49Z
2017-01-01T00:00:00Z
2017
2019-03-25T13:04:32Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10071/14772
url http://hdl.handle.net/10071/14772
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 1566-0141
10.1016/j.ememar.2017.08.003
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Elsevier
publisher.none.fl_str_mv Elsevier
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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