| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 7350019 | Emerging Markets Review | 2017 | 62 Pages |
Abstract
Using the fourth-round database of the Business Environment and Enterprise Performance Survey (2008/09 BEEPS), this study examines the determinants of discouragement in less developed countries in Eastern Europe and Central Asia. The results show that whereas firms' opaqueness, demographic factors, and distance between lenders and borrowers better explain the discouragement due to tough loan prices and/or loan application procedures, firm risk and banking concentration explain the incidence of discouraged borrowers due to the fear of rationing. Innovator status, the legal protection of creditors and lenders in the event of default, and the coverage of information sharing instruments help explain discouragement in a transversal way.
Related Topics
Social Sciences and Humanities
Business, Management and Accounting
Business and International Management
Authors
Ana Paula Matias Gama, Fábio Dias Duarte, José Paulo Esperança,