How Bank Competition Affects Firms' Access to Finance

Combining multi-year, firm-level surveys with country-level panel data for 53 countries, the authors explore the impact of bank competition on firms' access to finance. They find that low competition, as measured by high values of the Lerner i...

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Bibliographic Details
Main Authors:	Love, Inessa, Martínez Peria, María Soledad
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2012
Subjects:	ACCESS TO BANK ACCESS TO CREDIT ACCESS TO FINANCE ACCESSIBILITY ACCOUNTS RECEIVABLE ADVERSE SELECTION AVAILABILITY OF CREDIT AVAILABILITY OF FINANCE BAILOUTS BALANCE SHEET BANK ASSETS BANK BRANCH BANK COMPETITION BANK ENTRY BANK HOLDING BANK HOLDING COMPANIES BANK LOAN BANK MARKET BANK MERGERS BANK POLICY BANK REGULATION BANKING INDUSTRY BANKING MARKET BANKING MARKETS BANKING SECTOR BANKING SECTORS BANKING SYSTEM BANKING SYSTEMS BANKS BORROWING CENTRAL BANKS CHECKS COLLATERAL COMPETITIVENESS CONSOLIDATION CONSUMER PROTECTION CONTRACT ENFORCEMENT COUNTRY COMPARISONS CREDIT BUREAU CREDIT CONSTRAINTS CREDIT FACILITIES CREDIT INFORMATION CREDIT MARKET CREDIT MARKETS CREDIT PRODUCTS CREDIT REGISTRIES CREDIT REGISTRY CULTURAL BIASES DEBT DENIAL RATES DEPOSIT DEPOSITS DEREGULATION DERIVATIVE DEVELOPMENT ECONOMICS DEVELOPMENT POLICY DOMESTIC CREDIT DUMMY VARIABLE DUMMY VARIABLES ECONOMIC GROWTH ELASTICITY EMERGING MARKETS EMPIRICAL EVIDENCE EMPIRICAL STUDIES ENVIRONMENTS EXPORTER EXPORTERS EXTERNAL DEBT FEDERAL RESERVE FEDERAL RESERVE BANK FINANCIAL ACCESS FINANCIAL COSTS FINANCIAL CRISIS FINANCIAL DEVELOPMENT FINANCIAL INSTITUTION FINANCIAL INTERMEDIATION FINANCIAL MARKETS FINANCIAL PRODUCT FINANCIAL REFORM FINANCIAL SERVICES FINANCIAL STUDIES FINANCIAL SYSTEM FINANCING OBSTACLES FOREIGN FIRMS FUTURE RESEARCH GDP GDP DEFLATOR GOVERNMENT BANK GOVERNMENT BANKS GOVERNMENT OWNERSHIP GREATER CREDIT AVAILABILITY GROSS REVENUE GROWTH RATE INDUSTRIAL ECONOMICS INFLATION INFLATION RATE INFORMATION ASYMMETRIES INPUT PRICES INTANGIBLE INTANGIBLE ASSETS INTEREST RATES INTERNATIONAL BANK INVENTORY INVESTING INVESTMENT BANKS LACK OF COMPETITION LENDER LENDING INSTITUTIONS LINE OF CREDIT LINES OF CREDIT LOAN LOAN APPLICATION LOAN CONTRACTS LOAN MARKETS LOAN PRICES LOCAL BANKS MARGINAL COST MARGINAL COSTS MARKET COMPETITION MARKET MECHANISMS MARKET POWER MARKET SHARE MARKET STRUCTURE MONOPOLY MORTGAGE MORTGAGE MARKET MORTGAGE MARKETS OVERDRAFT OVERDRAFT FACILITY OVERDRAFTS OWNERSHIP STRUCTURE PERSONAL ASSETS PERSONNEL EXPENSES PRIVATE CREDIT PRIVATE CREDIT BUREAU PROPERTY RIGHTS PROPERTY RIGHTS PROTECTION PUBLIC CREDIT RETAIL ENTERPRISES SAVINGS SHARE OF ASSETS SMALL BUSINESS SMALL BUSINESS CREDIT SMALL BUSINESS LENDING TOTAL OUTPUT UNIVERSAL BANKING VALUE OF COLLATERAL
Online Access:	http://documents.worldbank.org/curated/en/2012/08/16592677/bank-competition-affects-firms-access-finance http://hdl.handle.net/10986/12010