Bank Competition, Financing Obstacles, and Access to Credit
Bank Competition, Financing Obstacles, and Access to Credit
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银行竞争、融资障碍和信贷获取
DOI：
10.1596/1813-9450-2996
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发表时间：
2003
期刊：
影响因子：
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通讯作者：
Asli Demirgüç
中科院分区：
文献类型：
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作者：
T. Beck;Vojislav Maksimovic;Asli Demirgüç
理论对银行集中度对获得外部融资的影响做出了模糊的预测。作者利用 74 个国家的中小企业融资障碍和融资模式的独特数据库，评估了银行市场结构对融资障碍和企业获得银行融资的影响。作者发现，银行集中度增加了融资障碍，降低了获得银行融资的可能性，其影响程度也随之减小。在制度完善、经济金融发展水平较高、外资银行比例较高的国家，银行集中度与融资障碍的关系会减弱。对银行活动的更多限制、政府对银行业的更多干预以及国有银行所占比例的增加加剧了这种影响。最后，可以通过减少活动限制来减轻银行集中度对融资渠道的负面影响。
Theory makes ambiguous predictions about the effects of bank concentration on access to external finance. Using a unique data base for 74 countries of financing obstacles and financing patterns for firms of small, medium, and large size, the authors assess the effects of banking market structure on financing obstacles and the access of firms to bank finance. The authors find that bank concentration increases financing obstacles and decreases the likelihood of receiving bank finance, with the impact decreasing in size. The relation of bank concentration and financing obstacles is dampened in countries with well developed institutions, higher levels of economic and financial development, and a larger share of foreign-owned banks. The effect is exacerbated by more restrictions on banks' activities, more government interference in the banking sector, and a larger share of government-owned banks. Finally, it is possible to alleviate the negative impact of bank concentration on access to finance by reducing activity restrictions.