Is small the new big? Islamic banking for SMEs in Turkey
Is small the new big? Islamic banking for SMEs in Turkey
复制标题
小是新的大吗？
DOI：
10.1016/j.econmod.2015.12.031
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发表时间：
2016
期刊：
影响因子：
--
通讯作者：
Huseyin Ozturk
中科院分区：
文献类型：
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作者：
A. Aysan;Mustafa Disli;Adam Ng;Huseyin Ozturk
虽然中小企业是许多经济体的支柱，但许多中小企业获得资金的机会有限。然而，一些国家的银行正在积极为中小企业提供资金。本文探讨了土耳其的情况是否如此，土耳其是一个拥有重要中小企业部门的G20经济体。我们基于2006年至2014年40家商业银行独特的季度小企业面板数据集，研究了土耳其银行为中小企业融资意愿的决定因素以及银行对中小企业融资组合的处理能力。采用汇总OLS和固定效应估计，我们发现，伊斯兰银行（在土耳其被称为参与银行）更倾向于融资中小企业比传统的银行。我们还发现，伊斯兰银行的中小企业贷款组合的质量与传统的银行。结果是相当强大的不同的银行所有权形式（国有，私营和伊斯兰银行）和替代模型规格。我们的研究结果提供了进一步支持的概念，“小是新的大”，为中小企业的银行业务可以是一个可行的风险。
While SMEs constitute the backbone of many economies, many SMEs have limited access to finance. Yet, banks in some countries are actively financing SMEs. This paper examines whether this is true in the case of Turkey, a G20 economy that has a significant SME sector. We study the determinants of banks' willingness to finance SMEs and banks' processing ability of SME financing portfolio in Turkey based on a unique quarterly small business panel data set of 40 commercial banks from 2006 to 2014. Employing pooled OLS and fixed-effects estimators, we find that Islamic banks (known as Participation banks in Turkey) are more inclined toward financing SMEs than conventional banks. We also find that the quality of Islamic banks' SME loan portfolio is comparable to that of conventional banks. The results are fairly robust to different bank ownership forms (state owned, private, and Islamic banks) and alternative model specifications. Our findings provide further support to the notion of “small is the new big” in that banking for SMEs can be a viable venture.