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http://hdl.handle.net/10071/14772| Author(s): | Gama, A. P. M. Duarte, F. D. Esperança, J. P. |
| Date: | 2017 |
| Title: | Why discouraged borrowers exist? An empirical (re)examination from less developed countries |
| Journal title: | Emerging Markets Review |
| Volume: | 33 |
| Pages: | 19 - 41 |
| Reference: | Gama, 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 |
| ISSN: | 1566-0141 |
| DOI (Digital Object Identifier): | 10.1016/j.ememar.2017.08.003 |
| Keywords: | Discouraged borrowers Less developed countries Self-selection SMEs |
| Abstract: | Using 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. |
| Peerreviewed: | yes |
| Access type: | Open Access |
| Appears in Collections: | BRU-RI - Artigos em revistas científicas internacionais com arbitragem científica |
Files in This Item:
| File | Size | Format | |
|---|---|---|---|
| article_41801.pdf | 1,94 MB | Adobe PDF | View/Open |
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