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Access to Credit and Bank Ownership: Evidence from Firm-Level Data

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dc.contributor.authorDi Filippo, Mario
dc.contributor.authorPanizza, Ugo
dc.date.accessioned2023-03-30T20:12:38Z
dc.date.available2023-03-30T20:12:38Z
dc.date.issued2023-03-30
dc.description.abstractThis paper uses a unique dataset with matched information at the firm-bank level covering 13,000 firms and 550 banks in 36 emerging and developing economies over 2012–20. The analysis tests whether government-owned banks fulfill their social mandate by targeting credit constrained firms or firms that are more likely to generate positive externalities. The findings show that credit constrained firms are more likely to borrow from government-owned banks, and that this is especially the case in countries with good institutions. However, the paper does not find any evidence that government-owned banks target innovative firms or “green” firms. The findings show that in firms that borrow from government-owned banks, employment reacts less to business cycle conditions relative to firms that borrow from private banks. The paper further shows that employment is more stable in credit constrained firms that have a relationship with a government-owned banks with respect to credit constrained firms that borrow from a private bank.en
dc.identifierhttp://documents.worldbank.org/curated/en/099816103282323796/IDU03c4cf2f80756e044190ae7103c5228a519ef
dc.identifier.doi10.1596/1813-9450-10384
dc.identifier.urihttps://openknowledge.worldbank.org/handle/10986/39625
dc.languageEnglish
dc.language.isoen
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Papers; 10384
dc.rights.holderWorld Bank
dc.subjectBANKING
dc.subjectSTATE-OWNED BANKS
dc.subjectSMALL AND MEDIUM ENTERPRISES (SME)
dc.subjectCREDIT CONSTRAINTS
dc.subjectACCESS TO CREDIT
dc.subjectLENDING POLICY
dc.subjectTARGETTED LENDING
dc.titleAccess to Credit and Bank Ownershipen
dc.title.subtitleEvidence from Firm-Level Dataen
dc.typeWorking Paper
dspace.entity.typePublication
okr.crossref.titleAccess to Credit and Bank Ownership: Evidence from Firm-Level Data
okr.date.disclosure2023-03-28
okr.date.lastmodified2023-03-28T00:00:00Zen
okr.doctypePolicy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099816103282323796/IDU03c4cf2f80756e044190ae7103c5228a519ef
okr.guid099816103282323796
okr.identifier.doi10.1596/1813-9450-10384
okr.identifier.externaldocumentum34030360
okr.identifier.internaldocumentum34030360
okr.identifier.reportWPS10384
okr.import.id308
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099816103282323796/pdf/IDU03c4cf2f80756e044190ae7103c5228a519ef.pdfen
okr.region.administrativeMiddle East and North Africa
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicFinance and Financial Sector Development::Financial Structures
okr.topicGovernance::Governance and the Financial Sector
okr.unitEFI-MNA-FCI-Finance-1 (EMNF1)
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