TY  - UNPD
A1  - Brown, Martin
A1  - Jappelli, Tullio
A1  - Pagano, Marco
T1  - Information sharing and credit : firm-level evidence from transition countries
T2  - Center for Financial Studies (Frankfurt am Main): CFS working paper series ; No. 2008,34
N2  - We investigate whether information sharing among banks has affected credit market performance in the transition countries of Eastern Europe and the former Soviet Union, using a large sample of firm-level data. Our estimates show that information sharing is associated with improved availability and lower cost of credit to firms. This correlation is stronger for opaque firms than transparent ones and stronger in countries with weak legal environments than in those with strong legal environments. In cross-sectional estimates, we control for variation in country-level aggregate variables that may affect credit, by examining the differential impact of information sharing across firm types. In panel estimates, we also control for the presence of unobserved heterogeneity at the firm level, as well as for changes in macroeconomic variables and the legal environment.
T3  - CFS working paper series - 2008, 34 
KW  - information sharing
KW  - credit access
KW  - transition countries
KW  - Osteuropa
KW  - Bank
KW  - Informationsaustausch
KW  - Kreditmarkt
KW  - Sowjetunion
Y1  - 2008
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/6039
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30-60389
ER  -