Information sharing and credit : firm-level evidence from transition countries

  • 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.

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Metadaten
Author:Martin Brown, Tullio JappelliORCiDGND, Marco Pagano
URN:urn:nbn:de:hebis:30-60389
Parent Title (German):Center for Financial Studies (Frankfurt am Main): CFS working paper series ; No. 2008,34
Series (Serial Number):CFS working paper series (2008, 34)
Document Type:Working Paper
Language:English
Year of Completion:2008
Year of first Publication:2008
Publishing Institution:Universit├Ątsbibliothek Johann Christian Senckenberg
Release Date:2008/11/21
Tag:credit access; information sharing; transition countries
GND Keyword:Osteuropa; Bank; Informationsaustausch; Kreditmarkt; Sowjetunion
HeBIS-PPN:208810528
Institutes:Wissenschaftliche Zentren und koordinierte Programme / Center for Financial Studies (CFS)
Dewey Decimal Classification:3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft
Licence (German):License LogoDeutsches Urheberrecht