What Makes Firms Dissatisfied with Their Bank Loans: New Evidence from Survey Data

IF 1.5 4区经济学 Q3 BUSINESS, FINANCE

Journal of Financial Services Research Pub Date : 2021-08-13 DOI:10.1007/s10693-021-00362-z

Kolev, Atanas, Maurin, Laurent, Segol, Matthieu

引用次数: 1

Abstract

We use loan-by-loan association between non-financial firms and their banks to disentangle the effects of financial weakness of borrowers and lenders on the satisfaction with the loan contracted. We construct indices measuring the financial weakness of borrowers and lenders. We find evidence of both demand and supply factors determining firm satisfaction with bank loan financing, especially regarding cost and collateral requirement. We also find that the impact of supply factors differs across regions within the EU: it is significant in periphery and cohesion countries but not in core countries where access to market is easier.

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企业对银行贷款不满意的原因:来自调查数据的新证据

我们利用非金融公司和银行之间的贷款联系来理清借款人和贷款人的财务弱点对贷款合同满意度的影响。我们构建了衡量借款人和贷款人财务状况的指数。我们发现需求和供给因素都决定了企业对银行贷款融资的满意度，特别是在成本和抵押品要求方面。我们还发现，供应因素的影响在欧盟内部各地区有所不同:在外围和凝聚力国家，供应因素的影响很显著，但在市场准入更容易的核心国家，供应因素的影响则不显著。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Financial Services Research BUSINESS, FINANCE-

CiteScore

3.00

自引率

7.10%

发文量

期刊介绍： The Journal of Financial Services Research publishes high quality empirical and theoretical research on the demand, supply, regulation, and pricing of financial services. Financial services are broadly defined to include banking, risk management, capital markets, mutual funds, insurance, venture capital, consumer and corporate finance, and the technologies used to produce, distribute, and regulate these services. Macro-financial policy issues, including comparative financial systems, the globalization of financial services, and the impact of these phenomena on economic growth and financial stability, are also within the JFSR’s scope of interest. The Journal seeks to promote research that enriches the profession’s understanding of financial services industries, to elevate industry and product efficiencies, as well as to inform the debate and promote the formulation of sound public policies. Officially cited as: J Financ Serv Res