Do local banking market structures matter for SME financing and performance? New evidence from an emerging economy

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dc.contributor.author Hasan, Iftekhar
dc.contributor.author Jackowicz, Krzysztof
dc.contributor.author Kowalewski, Oskar
dc.contributor.author Kozłowski, Łukasz
dc.date.accessioned 2020-05-15T12:23:31Z
dc.date.available 2020-05-15T12:23:31Z
dc.date.issued 2017
dc.identifier.issn 0378-4266
dc.identifier.uri https://helda.helsinki.fi/bof/handle/123456789/17089
dc.description.abstract 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.
dc.language.iso ENG
dc.subject pienyritykset
dc.subject pkt
dc.subject yritykset
dc.subject osuuspankit
dc.subject ulkomaiset pankit
dc.subject pankkitoiminta
dc.subject luotonanto
dc.subject luotot
dc.subject rahoitus
dc.subject siirtymätaloudet
dc.subject.other Small-business lending
dc.subject.other Cooperative banks
dc.subject.other Foreign banks
dc.subject.other Post-transition countries
dc.title Do local banking market structures matter for SME financing and performance? New evidence from an emerging economy
dc.type Journal Article
dc.identifier.urn URN:NBN:fi:bof-202002181153
dc.subject.jel G21
dc.subject.jel G28
dc.series.name Journal of Banking and Finance
dc.series.volume 79
dc.series.number June
dc.date.publication 20.3.2017
dc.description.publication Published in BoF 22/2014.
dc.type.okm A1
dc.relation.doi https://doi.org/10.1016/j.jbankfin.2017.03.009
dc.format.pagerange 142–158

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