Information Sharing and Credit : Firm-Level Evidence from Transition Countries
Journal
Journal of Financial Intermediation
ISSN
1042-9573
ISSN-Digital
1096-0473
Type
journal article
Date Issued
2009-04-02
Author(s)
Abstract
We investigate whether information sharing among banks has affected credit market performance in the transition countries of Eastern Europe and the former Soviet Union, using a large sample of firm-level data. Our estimates show that information sharing is associated with improved availability and lower cost of credit to firms, and that this correlation is stronger for opaque firms than transparent firms. In cross-sectional estimates, we control for variation in country-level aggregate variables that may affect credit, by examining the differential impact of information sharing across firm types. In panel estimates, we also control for the presence of unobserved heterogeneity at the firm level and for changes in selected macroeconomic variables
Language
English
Keywords
information sharing
credit access
transition countries
HSG Classification
contribution to scientific community
Refereed
Yes
Publisher
Elsevier
Publisher place
Amsterdam
Volume
18
Number
2
Start page
151
End page
172
Pages
22
Subject(s)
Eprints ID
72474