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Jurnal

Journal of Banking and Finance

Keyword

Small-business lending;Cooperative banks;Foreign banks;Post-transition countries

Pengarang

  1. Iftekhar Hasan
  2. Krzysztof Jackowicz
  3. Oskar Kowalewski
  4. Lukasz Kozlowski

    Subject

    1. FINANCIAL
    2. BANKING

      [Abstrak]

      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.

      Periode

      Vol 79, Tahun 2017

      [Berkas]

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