BORROWER DISCOURAGEMENT IN A BANK-BASED ECONOMY: EMPIRICAL EVIDENCE FOR SPANISH SMES
This paper analyzes the factors explaining borrower discouragement for a sample of SMEs operating in a bank-based economy. We find that higher informational asymmetries and loan application costs increase the likelihood of borrower discouragement for smaller firms and for firms working with less ban...
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| Format: | Article |
|---|---|
| Language: | English |
| Published: |
Universidade de Santiago de Compostela
2018-02-01
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| Series: | Revista Galega de Economía |
| Online Access: | https://ojs3usc.devxercode.es/index.php/ubr/article/view/2740 |
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