Why discouraged borrowers exist? An empirical (re)examination from less developed countries

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dc.contributor.authorGama, A. P. M.
dc.contributor.authorDuarte, F. D.
dc.contributor.authorEsperança, J. P.
dc.date.accessioned2017-12-14T17:18:49Z
dc.date.available2017-12-14T17:18:49Z
dc.date.issued2017
dc.date.updated2025-02-14T11:30:00Z
dc.description.abstractUsing the fourth-round database of the Business Environment and Enterprise Performance Survey (2008/09 BEEPS), this study examines the determinants of discouragement in less developed countries in Eastern Europe and Central Asia. The results show that whereas firms' opaqueness, demographic factors, and distance between lenders and borrowers better explain the discouragement due to tough loan prices and/or loan application procedures, firm risk and banking concentration explain the incidence of discouraged borrowers due to the fear of rationing. Innovator status, the legal protection of creditors and lenders in the event of default, and the coverage of information sharing instruments help explain discouragement in a transversal way.eng
dc.description.versioninfo:eu-repo/semantics/publishedVersion
dc.distributionInternacionalpor
dc.identifier.citationGama, A. P. M., Duarte, F. D., & Esperança, J. P. (2017). Why discouraged borrowers exist? An empirical (re)examination from less developed countries. Emerging Markets Review, 33, 19-41. https://doi.org/10.1016/j.ememar.2017.08.003
dc.identifier.doi10.1016/j.ememar.2017.08.003
dc.identifier.issn1566-0141
dc.identifier.urihttp://hdl.handle.net/10071/14772
dc.journalEmerging Markets Review
dc.language.isoeng
dc.pagination19 - 41
dc.peerreviewedyes
dc.publicationstatusPublicadopor
dc.publisherElsevier
dc.relationUID/GES/04630/2013
dc.rightsopen access
dc.subjectDiscouraged borrowerseng
dc.subjectLess developed countrieseng
dc.subjectSelf-selectioneng
dc.subjectSMEseng
dc.subject.fosDomínio/Área Científica::Ciências Sociais::Economia e Gestãopor
dc.titleWhy discouraged borrowers exist? An empirical (re)examination from less developed countrieseng
dc.typearticle
dc.volume33
degois.publication.firstPage19
degois.publication.lastPage41
degois.publication.titleWhy discouraged borrowers exist? An empirical (re)examination from less developed countrieseng
dspace.entity.typePublicationen
iscte.alternateIdentifiers.scopus2-s2.0-85031404952
iscte.alternateIdentifiers.wosWOS:WOS:000418989100002
iscte.identifier.cienciahttps://ciencia.iscte-iul.pt/id/ci-pub-41801
iscte.journalEmerging Markets Review

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