.png)
EL DESÁNIMO DEL PRESTATARIO EN UNA ECONOMÍA DOMINADA POR LOS BANCOS: EVIDENCIA EMPÍRICA PARA PYME ESPAÑOLAS
Article Sidebar
Publicado
Feb 25, 2018
Main Article Content
Resumen
Este trabajo analiza los factores explicativos del desánimo del prestatario en una muestra de PYME que operan en una economía dominada por los bancos. Los resultados muestran que elevadas asimetrías informativas y costes de solicitud del préstamo incrementan la probabilidad del desánimo del prestatario entre las empresas más pequeñas y aquellas que trabajan con menos bancos. También mostramos que es menos probable que empresas cuyos gerentes muestren una actitud proactiva hacia el crecimiento y la mejora del negocio se desanimen a solicitar un préstamo.
Descargas
La descarga de datos todavía no está disponible.
Article Details
Cómo citar
Mol-Gómez-Vázquez, A., Hernández Cánovas, G., & Ramón-Llorens, C. (2018). EL DESÁNIMO DEL PRESTATARIO EN UNA ECONOMÍA DOMINADA POR LOS BANCOS: EVIDENCIA EMPÍRICA PARA PYME ESPAÑOLAS. UCJC Business and Society Review (formerly Known As Universia Business Review), (57). https://doi.org/10.3232/UBR.2018.V15.N1.04
Sección
Artículos
Citas
Brown, M., Ongena, S., Popov, A., Yeşin, P. (2011). “Who needs credit and who gets credit in Eastern Europe?”. Economic Policy, 26(65), 93-130.
Brown, M., Ongena, S., Yesin, P. (2014). “Information asymmetry and foreign currency borrowing by small firms”. Comparative Economics Studies, 56(1), 110 131.
Cavalluzzo, K. S., Wolken, J. D., Cavalluzzo, L. C. (2002). “Competition, small business financing, and discrimination: Evidence from a new survey”. Journal of Business, 75(4), 641-679.
Chakravarty, S., Xiang, M. (2013). “The international evidence on discouraged small businesses”. Journal of Empirical Finance, 20, 63 82. Available at: http://www.sciencedirect.com/science/article/pii/S0927539812000655
Cole, R. A. (2013). “What do we know about the capital structure of privately held US firms? Evidence from the surveys of small business finance”. Financial Management, 42(4), 777 813. Available at: http://onlinelibrary.wiley.com/doi/10.1111/fima.12015/pdf
Cole, R., Sokolyk, T. (2016). “Who needs credit and who gets credit? Evidence from the surveys of small business finances”. Journal of Financial Stability, 24, 40 60. Available at: http://www.sciencedirect.com/science/article/pii/S1572308916300146
De Lema, D. G. P., Pérez, A. A., Segura, A. C. F. (1995). “Un modelo discriminante para evaluar el riesgo bancario en los créditos a empresas”. Revista Española de Financiación y Contabilidad, 175 200.
Diagne, A. (1999). “Determinants of household access to and participation in formal and informal credit markets in Malawi”. Working paper 67, International Food Policy Research Institute, Washington, D.C. Available at: https://pdfs.semanticscholar.org/3713/ca551553ec05354bb4f558195f9db6af6f74.pdf
Freel, M., Carter, S., Tagg, S., Mason, C. (2012). “The latent demand for bank debt: characterizing discouraged borrowers”. Small Business Economic, 38(4), 399 418. Available at: http://link.springer.com/article/10.1007/s11187-010-9283-6
Hakim, C. (1989). “Identifying fast growth small firms”. Employment Gazette, 97, 29 41.
Han, L., Fraser, S., Storey, D. J. (2009). “Are good or bad borrowers discouraged from applying for loans? Evidence from US small business credit markets”. Journal of Banking & Finance, 33(2), 415 424. Available at: http://www.sciencedirect.com/science/article/pii/S0378426608001970
Hernandez-Canovas, G., Martínez-Solano, P. (2007). “Effect of the number of banking relationships on credit availability: Evidence from panel data of Spanish small firms”. Small Business Economics, 28(1), 37-53.
Hernández-Cánovas, G., Martínez-Solano, P. (2010). “Relationship lending and SME financing in the continental European bank-based system”. Small Business Economics, 34(4), 465-482. Available at: http://link.springer.com/article/10.1007%2Fs11187-005-6704-z?LI=true
Kon, Y., Storey, D. J. (2003). “A theory of discouraged borrowers”. Small Business Economics, 21(1), 37 49. Available at: http://link.springer.com/article/10.1023%2FA%3A1024447603600?LI=true
Leon, F. (2015). Does bank competition alleviate credit constraints in developing countries?. Journal of Banking & Finance, 57, 130-142. Available at: http://www.sciencedirect.com/science/article/pii/S0378426615000813
Levenson, A. R., Willard, K. L. (2000). “Do firms get the financing they want? Measuring credit rationing experienced by small businesses in the U.S.”. Small Business Economics, 14(2), 83 94. Available at: http://link.springer.com/article/10.1023/A:1008196002780
Mac an Bhaird, C., Vidal, J. S., Lucey, B. (2016). “Discouraged borrowers: Evidence for Eurozone SMEs”. Journal of International Financial Markets, Institutions and Money, 44, 46-55. Available at: http://www.sciencedirect.com/science/article/pii/S1042443116300361
Popov, A. A. (2013). “Monetary policy, bank capital and credit supply: A role for discouraged and informally rejected firms”. Working paper 1593, European Central Bank. Available at: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2327702
Storey, D. J. (1994). “Understanding the small business sector”. Working paper, University of Illinois at Urbana-Champaign's, Illinois.
Vos, E., Yeh, A., Tagg, S. (2007). “The happy story of small business financing”. Journal of Banking & Finance, 31(9) 2648 2672. Available at: http://www.sciencedirect.com/science/article/pii/S0378426607000556
Xiang, D., Worthington, A. C., Higgs, H. (2015). “Discouraged finance seekers: An analysis of Australian small and medium-sized enterprises”. International Small Business Journal, 33(7), 689 707. Available at: http://journals.sagepub.com/doi/abs/10.1177/0266242613516138
Brown, M., Ongena, S., Yesin, P. (2014). “Information asymmetry and foreign currency borrowing by small firms”. Comparative Economics Studies, 56(1), 110 131.
Cavalluzzo, K. S., Wolken, J. D., Cavalluzzo, L. C. (2002). “Competition, small business financing, and discrimination: Evidence from a new survey”. Journal of Business, 75(4), 641-679.
Chakravarty, S., Xiang, M. (2013). “The international evidence on discouraged small businesses”. Journal of Empirical Finance, 20, 63 82. Available at: http://www.sciencedirect.com/science/article/pii/S0927539812000655
Cole, R. A. (2013). “What do we know about the capital structure of privately held US firms? Evidence from the surveys of small business finance”. Financial Management, 42(4), 777 813. Available at: http://onlinelibrary.wiley.com/doi/10.1111/fima.12015/pdf
Cole, R., Sokolyk, T. (2016). “Who needs credit and who gets credit? Evidence from the surveys of small business finances”. Journal of Financial Stability, 24, 40 60. Available at: http://www.sciencedirect.com/science/article/pii/S1572308916300146
De Lema, D. G. P., Pérez, A. A., Segura, A. C. F. (1995). “Un modelo discriminante para evaluar el riesgo bancario en los créditos a empresas”. Revista Española de Financiación y Contabilidad, 175 200.
Diagne, A. (1999). “Determinants of household access to and participation in formal and informal credit markets in Malawi”. Working paper 67, International Food Policy Research Institute, Washington, D.C. Available at: https://pdfs.semanticscholar.org/3713/ca551553ec05354bb4f558195f9db6af6f74.pdf
Freel, M., Carter, S., Tagg, S., Mason, C. (2012). “The latent demand for bank debt: characterizing discouraged borrowers”. Small Business Economic, 38(4), 399 418. Available at: http://link.springer.com/article/10.1007/s11187-010-9283-6
Hakim, C. (1989). “Identifying fast growth small firms”. Employment Gazette, 97, 29 41.
Han, L., Fraser, S., Storey, D. J. (2009). “Are good or bad borrowers discouraged from applying for loans? Evidence from US small business credit markets”. Journal of Banking & Finance, 33(2), 415 424. Available at: http://www.sciencedirect.com/science/article/pii/S0378426608001970
Hernandez-Canovas, G., Martínez-Solano, P. (2007). “Effect of the number of banking relationships on credit availability: Evidence from panel data of Spanish small firms”. Small Business Economics, 28(1), 37-53.
Hernández-Cánovas, G., Martínez-Solano, P. (2010). “Relationship lending and SME financing in the continental European bank-based system”. Small Business Economics, 34(4), 465-482. Available at: http://link.springer.com/article/10.1007%2Fs11187-005-6704-z?LI=true
Kon, Y., Storey, D. J. (2003). “A theory of discouraged borrowers”. Small Business Economics, 21(1), 37 49. Available at: http://link.springer.com/article/10.1023%2FA%3A1024447603600?LI=true
Leon, F. (2015). Does bank competition alleviate credit constraints in developing countries?. Journal of Banking & Finance, 57, 130-142. Available at: http://www.sciencedirect.com/science/article/pii/S0378426615000813
Levenson, A. R., Willard, K. L. (2000). “Do firms get the financing they want? Measuring credit rationing experienced by small businesses in the U.S.”. Small Business Economics, 14(2), 83 94. Available at: http://link.springer.com/article/10.1023/A:1008196002780
Mac an Bhaird, C., Vidal, J. S., Lucey, B. (2016). “Discouraged borrowers: Evidence for Eurozone SMEs”. Journal of International Financial Markets, Institutions and Money, 44, 46-55. Available at: http://www.sciencedirect.com/science/article/pii/S1042443116300361
Popov, A. A. (2013). “Monetary policy, bank capital and credit supply: A role for discouraged and informally rejected firms”. Working paper 1593, European Central Bank. Available at: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2327702
Storey, D. J. (1994). “Understanding the small business sector”. Working paper, University of Illinois at Urbana-Champaign's, Illinois.
Vos, E., Yeh, A., Tagg, S. (2007). “The happy story of small business financing”. Journal of Banking & Finance, 31(9) 2648 2672. Available at: http://www.sciencedirect.com/science/article/pii/S0378426607000556
Xiang, D., Worthington, A. C., Higgs, H. (2015). “Discouraged finance seekers: An analysis of Australian small and medium-sized enterprises”. International Small Business Journal, 33(7), 689 707. Available at: http://journals.sagepub.com/doi/abs/10.1177/0266242613516138