Sustainability and bank credit access: New evidence from Italian SMEs

被引：4
|
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
收藏
页数：12
相关论文
共 50 条
  • [31] Access to external credit during COVID-19: evidence from green SMEs in Italy
    Arcuri, Maria Cristina
    Pisani, Raoul
    REVIEW OF MANAGERIAL SCIENCE, 2024, 18 (07) : 1 - 30
  • [32] Does access to credit reduce SMEs' tax avoidance? Evidence from a regression discontinuity design
    Kong, Xiaowei
    Si, Deng-Kui
    Li, Haiyang
    Kong, Dongmin
    FINANCIAL INNOVATION, 2021, 7 (01)
  • [33] The impact of late payments on SMEs' access to finance: Evidence from credit rationing and loan terms
    Kaya, Orcun
    ECONOMIC MODELLING, 2024, 141
  • [34] Bank credit and trade credit: Evidence from natural experiments
    Chen, Shenglan
    Ma, Hui
    Wu, Qiang
    JOURNAL OF BANKING & FINANCE, 2019, 108
  • [35] Bank financing and credit rationing of Australian SMEs
    McCarthy, Scott
    Oliver, Barry
    Verreynne, Martie-Louise
    AUSTRALIAN JOURNAL OF MANAGEMENT, 2017, 42 (01) : 58 - 85
  • [36] Credit constraints and productivity of SMEs: Evidence from Canada
    Cao, Shutao
    Leung, Danny
    ECONOMIC MODELLING, 2020, 88 : 163 - 180
  • [37] FinTech Adoption in SMEs and Bank Credit Supplies: A Study on Manufacturing SMEs
    Rehman, Shafiq Ur
    Al-Shaikh, Mustafa
    Washington, Patrick Bernard
    Lee, Ernesto
    Song, Ziheng
    Abu-AlSondos, Ibrahim A.
    Shehadeh, Maha
    Allahham, Mahmoud
    ECONOMIES, 2023, 11 (08)
  • [38] Relational capital, profitability and access to credit: Evidence from a sample of Italian small firms
    Migheli M.
    International Review of Economics, 2013, 60 (2) : 221 - 233
  • [39] Bank lending constraints, trade credit and alternative financing during the financial crisis: Evidence from European SMEs
    Casey, Eddie
    O'Toole, Conor M.
    JOURNAL OF CORPORATE FINANCE, 2014, 27 : 173 - 193
  • [40] Complementarity between Relationship Lending and Collateral in SME Access to Bank Credit: Evidence from Ethiopia
    Fanta, Ashenafi Beyene
    JOURNAL OF AFRICAN BUSINESS, 2016, 17 (03) : 308 - 318
12345