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dc.contributor.authorAgostino, M.
dc.contributor.authorGagliardi, F.
dc.contributor.authorTrivieri, F.
dc.date.accessioned2013-01-24T20:58:40Z
dc.date.available2013-01-24T20:58:40Z
dc.date.issued2010
dc.identifier.citationAgostino , M , Gagliardi , F & Trivieri , F 2010 , ' Credit market structure and bank screening : an indirect test on Italian data ' , Review of Financial Economics , vol. 19 , no. 4 , pp. 151-160 . https://doi.org/10.1016/j.rfe.2010.06.003
dc.identifier.issn1058-3300
dc.identifier.otherPURE: 82287
dc.identifier.otherPURE UUID: bfdcbb5e-ebec-4ffe-9f90-fd86613749e2
dc.identifier.otherdspace: 2299/5467
dc.identifier.otherScopus: 77956651961
dc.identifier.otherORCID: /0000-0003-3240-2760/work/62750222
dc.identifier.urihttp://hdl.handle.net/2299/9775
dc.descriptionOriginal article can be found at: http://www.sciencedirect.com/ Copyright Elsevier
dc.description.abstractBased on a large panel of Italian SMEs, this paper focuses on the relationship between firms' default probability and the amount of bank debt they obtain, evaluating whether and to what extent this link is affected by the degree of competition characterizing the local credit market where firms operate. Using a dynamic panel estimator, we find that higher bank competition implies a stronger influence of firms' riskiness on bank financing to SMEs. We provide two plausible interpretations of this finding: one resorting to more accurate screening by more competitive banks; the other alleging lower market power of incumbent banks, which may restrict their willingness to finance riskier firms.en
dc.language.isoeng
dc.relation.ispartofReview of Financial Economics
dc.rightsOpen
dc.subjectcredit market structure
dc.subjectsmall and medium sized firms
dc.subjectbank debt
dc.subjectfirm riskiness
dc.titleCredit market structure and bank screening : an indirect test on Italian dataen
dc.contributor.institutionHertfordshire Business School
dc.contributor.institutionGroup for Research in Organisational Evolution
dc.contributor.institutionSocial Sciences, Arts & Humanities Research Institute
dc.contributor.institutionCentre for Research on Management, Economy and Society
dc.contributor.institutionDepartment of Accounting, Finance and Economics
dc.description.statusPeer reviewed
dc.relation.schoolHertfordshire Business School
dcterms.dateAccepted2010
rioxxterms.versionofrecordhttps://doi.org/10.1016/j.rfe.2010.06.003
rioxxterms.typeJournal Article/Review
herts.preservation.rarelyaccessedtrue
herts.rights.accesstypeOpen


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