What Makes Firms Dissatisfied with Their Bank Loans: New Evidence from Survey Data

被引：0

作者：

Kolev, Atanas ^{[1
]}

Maurin, Laurent ^{[1
]}

Segol, Matthieu ^{[2
]}

机构：

[1] European Investment Bank EIB, Kirchberg, Luxembourg

[2] Paris Sch Econ, Paris, France

来源：

JOURNAL OF FINANCIAL SERVICES RESEARCH | 2022年 / 61卷 / 03期

关键词：

Financial constraints; Bank lending; Survey data; Indices; Cross-section linear models; Bank-firm matching; Satisfaction with bank loans; Bank weakness; EU regions; SOVEREIGN DEBT CRISIS; FINANCIAL CONSTRAINTS; MONETARY-POLICY; IMPACT; FUNDS; COSTS;

D O I：

10.1007/s10693-021-00362-z

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

We use loan-by-loan association between non-financial firms and their banks to disentangle the effects of financial weakness of borrowers and lenders on the satisfaction with the loan contracted. We construct indices measuring the financial weakness of borrowers and lenders. We find evidence of both demand and supply factors determining firm satisfaction with bank loan financing, especially regarding cost and collateral requirement. We also find that the impact of supply factors differs across regions within the EU: it is significant in periphery and cohesion countries but not in core countries where access to market is easier.

引用

页码：407 / 430

页数：24