کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
960804 | 929696 | 2012 | 20 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Access to credit, natural disasters, and relationship lending
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کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
مدیریت، کسب و کار و حسابداری
استراتژی و مدیریت استراتژیک
پیش نمایش صفحه اول مقاله
![عکس صفحه اول مقاله: Access to credit, natural disasters, and relationship lending Access to credit, natural disasters, and relationship lending](/preview/png/960804.png)
چکیده انگلیسی
This paper analyzes the effect of unpredictable aggregate shocks on loan demand and access to credit by combining client-level information from an Ecuadorian microfinance institution with geophysical data on natural disasters, more specifically volcanic eruptions. The results of this 'natural experiment' show that while credit demand increases due to volcanic activity, access to credit is restricted. Yet, we also find that bank-borrower relationships can lower these lending restrictions and that clients who are known to the institution are about equally likely to receive loans after volcanic eruptions occurred.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Financial Intermediation - Volume 21, Issue 4, October 2012, Pages 549-568
Journal: Journal of Financial Intermediation - Volume 21, Issue 4, October 2012, Pages 549-568
نویسندگان
Gunhild Berg, Jan Schrader,