Small business lending and credit risk: Granger causality evidence

被引：15
作者：
Aysan, Ahmet Faruk [1 ]
Disli, Mustafa [2 ]
机构：
[1] Istanbul Sehir Univ, Sch Management & Adm Sci, Istanbul, Turkey
[2] Univ Ghent, Fac Econ & Business Adm, Ghent, Belgium
来源：
ECONOMIC MODELLING | 2019年 / 83卷
关键词：
Small business lending; Non-performing loans; Islamic banks; UNIT-ROOT TEST; ISLAMIC BANKING; PANEL-DATA; CONVENTIONAL BANKS; LIQUIDITY RISK; GROWTH; TESTS; DEBT; PROCYCLICALITY; COINTEGRATION;
D O I：
10.1016/j.econmod.2019.02.014
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Because of their opaque nature, SMEs are overly reliant on bank lending. Therefore, we examine whether banks' credit supply to SMEs are affected by their financial conditions. To this end, we employ a Granger causality analysis to examine whether there is an indication of a significant direction of determination between SME lending and non-performing SME loans. The results reveal no bidirectional relationship between SME lending and NPL for the entire banking sector. For Islamic banks, however, we find two-way linkages between these two parameters: a negative causation is running both from SME lending to NPL growth and from NPL to SME lending. Given Islamic banks' deposit-oriented funding practices and their adherence to profit-and-loss sharing principles, this finding suggests the presence of heightened market discipline within the Islamic banking system.
引用
收藏
页码：245 / 255
页数：11
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