实施巴塞尔协议III对新兴市场和发展中经济体中小企业融资渠道的影响

IF 2.9 3区经济学 Q1 ECONOMICS

Quarterly Review of Economics and Finance Pub Date : 2024-12-26 DOI:10.1016/j.qref.2024.101956

Boris Fišera , Roman Horváth , Martin Melecký

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引用次数: 0

摘要

本文通过中小企业普惠金融的初始水平，研究了《巴塞尔协议III》对32个新兴市场和发展中经济体中小企业融资可及性的影响。在对可能非随机实施巴塞尔协议III的样本选择进行调整的情况下，对差异中的差异设置下的中小企业跨国面板进行分析，我们发现巴塞尔协议III对中小企业融资渠道存在短期、适度的负面影响。这种效应的大小取决于中小企业初始普惠金融的程度。有趣的是，在《巴塞尔协议III》实施之前，银行资本金的增加有助于减轻负面影响。

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The effect of basel III implementation on SME access to financing in emerging markets and developing economies

This paper studies the effect of Basel III implementation on the access to financing of small and medium-size enterprises (SMEs) in 32 emerging markets and developing economies by the initial level of SME financial inclusion. Analyzing a cross-country panel of SMEs in the difference-in-differences setting with a sample selection adjustment for possibly non-random implementation of Basel III, we find a short-term, moderately negative effect of Basel III on SME access to financing. The size of this effect depends on the degree of SME's initial financial inclusion. Interestingly, greater bank capitalization before Basel III implementation helped mitigate the negative effect.

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来源期刊

Quarterly Review of Economics and Finance ECONOMICS-

CiteScore

6.00

自引率

2.90%

发文量

118

期刊介绍： The Quarterly Review of Economics and Finance (QREF) attracts and publishes high quality manuscripts that cover topics in the areas of economics, financial economics and finance. The subject matter may be theoretical, empirical or policy related. Emphasis is placed on quality, originality, clear arguments, persuasive evidence, intelligent analysis and clear writing. At least one Special Issue is published per year. These issues have guest editors, are devoted to a single theme and the papers have well known authors. In addition we pride ourselves in being able to provide three to four article "Focus" sections in most of our issues.