Sustainability and bank credit access: New evidence from Italian SMEs

被引：9

作者：

D'Apolito, Elisabetta ^{[1
]}

Galletta, Simona ^{[2
]}

Iannuzzi, Antonia Patrizia ^{[3
]}

Labini, Stefania Sylos ^{[1
]}

机构：

[1] Univ Foggia, Dept Econ, Foggia, Italy

[2] Univ Catania, Dept Econ & Business, Catania, Italy

[3] Univ Bari Aldo Moro, Dept Econ Management & Business Law, Bari, Italy

来源：

RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE | 2024年 / 69卷

关键词：

SMEs; Banks; Credit access; Bank debt; Business model; Sustainable development; CORPORATE SOCIAL-RESPONSIBILITY; CAPITAL STRUCTURE; VALUE CREATION; ENTERPRISES; GOVERNANCE; FRAMEWORK; COST;

D O I：

10.1016/j.ribaf.2024.102242

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

We test whether firm sustainability positively affects access to bank credit. We carry out a panel data analysis of 125 listed Italian SMEs across 14 regions over 2017-2021. A quantitative score comprising 20 items grouped into three areas, disclosure, processes, and governance, is computed to determine the level of implementation of sustainable practices of sampled SMEs. Results show that SMEs with more sustainable orientation have greater access to bank credit and better ability to pay the cost of bank debt. This, in turn, reinforces bank -SME relationships. We contribute to the literature on SMEs, highlighting the relationship between sustainability and the availability of bank loans.

引用

页数：12

共 80 条

[1] Which Sustainability Dimensions Affect Credit Risk? Evidence from Corporate and Country-Level Measures [J].