دانلود مقاله ISI انگلیسی شماره 101528
کد مقاله سال انتشار مقاله انگلیسی ترجمه فارسی تعداد کلمات
101528 2017 51 صفحه PDF سفارش دهید 14971 کلمه
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عنوان انگلیسی
Do local banking market structures matter for SME financing and performance? New evidence from an emerging economy
منبع

Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)

Journal : Journal of Banking & Finance, Volume 79, June 2017, Pages 142-158

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چکیده انگلیسی

This paper investigates the relationship between local banking structures and SMEs’ access to debt and performance. Using a unique dataset on bank branch locations in Poland and firm-, county-, and bank-level data, we conclude that a strong position for local cooperative banks facilitates access to bank financing, lowers financial costs, boosts investments, and favours growth for SMEs. Moreover, counties in which cooperative banks hold a strong position are characterized by a more rapid pace of new firm creation. The opposite effects appear in the majority of cases for local banking markets dominated by foreign-owned banks. Consequently, our findings are important from a policy perspective because they show that foreign bank entry and industry consolidation may raise valid concerns for SME prospects in emerging economies.

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