Subjective Perceptions of Financing Constraints: How Well Do They Reflect Credit Market Conditions?

Many cross-country enterprise surveys have recently become widely available. They are the basis of rankings of dimensions of the business environment in emerging markets and developing economies. Although the literature is concerned about "perception bias", there has been little effort at...

Full description

Bibliographic Details
Main Authors:	Bouton, Lawrence, Tiongson, Erwin R.
Format:	Journal Article
Language:	EN
Published:	2012
Subjects:	Banks Other Depository Institutions Micro Finance Institutions Mortgages G210 Financing Policy Financial Risk and Risk Management Capital and Ownership Structure G320 Economic Development: Financial Markets Saving and Capital Investment Corporate Finance and Governance O160 Socialist Institutions and Their Transitions: Financial Economics P340
Online Access:	http://hdl.handle.net/10986/5440

id	okr-10986-5440
recordtype	oai_dc
spelling	okr-10986-54402021-04-23T14:02:22Z Subjective Perceptions of Financing Constraints: How Well Do They Reflect Credit Market Conditions? Bouton, Lawrence Tiongson, Erwin R. Banks Other Depository Institutions Micro Finance Institutions Mortgages G210 Financing Policy Financial Risk and Risk Management Capital and Ownership Structure G320 Economic Development: Financial Markets Saving and Capital Investment Corporate Finance and Governance O160 Socialist Institutions and Their Transitions: Financial Economics P340 Many cross-country enterprise surveys have recently become widely available. They are the basis of rankings of dimensions of the business environment in emerging markets and developing economies. Although the literature is concerned about "perception bias", there has been little effort at analyzing whether subjective appraisals of credit market constraints correspond to objectively measurable indicators. This note assesses a predominantly used subjective measure of "access to finance" and relates it to indicators of financial development and credit availability and costs. It finds a significant relationship between subjective and objective indexes of financing constraint but the relationship varies substantially across indicators. 2012-03-30T07:32:50Z 2012-03-30T07:32:50Z 2010 Journal Article Emerging Markets Review 15660141 http://hdl.handle.net/10986/5440 EN http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Journal Article
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	EN
topic	Banks Other Depository Institutions Micro Finance Institutions Mortgages G210 Financing Policy Financial Risk and Risk Management Capital and Ownership Structure G320 Economic Development: Financial Markets Saving and Capital Investment Corporate Finance and Governance O160 Socialist Institutions and Their Transitions: Financial Economics P340
spellingShingle	Banks Other Depository Institutions Micro Finance Institutions Mortgages G210 Financing Policy Financial Risk and Risk Management Capital and Ownership Structure G320 Economic Development: Financial Markets Saving and Capital Investment Corporate Finance and Governance O160 Socialist Institutions and Their Transitions: Financial Economics P340 Bouton, Lawrence Tiongson, Erwin R. Subjective Perceptions of Financing Constraints: How Well Do They Reflect Credit Market Conditions?
relation	http://creativecommons.org/licenses/by-nc-nd/3.0/igo
description	Many cross-country enterprise surveys have recently become widely available. They are the basis of rankings of dimensions of the business environment in emerging markets and developing economies. Although the literature is concerned about "perception bias", there has been little effort at analyzing whether subjective appraisals of credit market constraints correspond to objectively measurable indicators. This note assesses a predominantly used subjective measure of "access to finance" and relates it to indicators of financial development and credit availability and costs. It finds a significant relationship between subjective and objective indexes of financing constraint but the relationship varies substantially across indicators.
format	Journal Article
author	Bouton, Lawrence Tiongson, Erwin R.
author_facet	Bouton, Lawrence Tiongson, Erwin R.
author_sort	Bouton, Lawrence
title	Subjective Perceptions of Financing Constraints: How Well Do They Reflect Credit Market Conditions?
title_short	Subjective Perceptions of Financing Constraints: How Well Do They Reflect Credit Market Conditions?
title_full	Subjective Perceptions of Financing Constraints: How Well Do They Reflect Credit Market Conditions?
title_fullStr	Subjective Perceptions of Financing Constraints: How Well Do They Reflect Credit Market Conditions?
title_full_unstemmed	Subjective Perceptions of Financing Constraints: How Well Do They Reflect Credit Market Conditions?
title_sort	subjective perceptions of financing constraints: how well do they reflect credit market conditions?
publishDate	2012
url	http://hdl.handle.net/10986/5440
_version_	1764395059556384768

Subjective Perceptions of Financing Constraints: How Well Do They Reflect Credit Market Conditions?

Similar Items