Credit Reporting and Financing Constraints
The authors combine firm-level data from the World Bank Business Environment Survey (WBES) with data on private and public credit registries to investigate whether the presence of a credit registry in a country is associated with lower financing co...
| Main Authors: | , |
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2014
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2003/10/2693721/credit-reporting-financing-constraints http://hdl.handle.net/10986/18045 |
| Summary: | The authors combine firm-level data from
the World Bank Business Environment Survey (WBES) with data
on private and public credit registries to investigate
whether the presence of a credit registry in a country is
associated with lower financing constraints, as perceived by
managers, and with higher share of bank financing. They find
that the existence of private credit registries is
associated with lower financing constraints and higher share
of bank financing, while the existence of public credit
registries does not seem to have a significant effect on
these perceived financing constraints. The authors also find
that small- and medium-sized firms tend to have a higher
share of bank financing in countries where private
registries exist and stronger rule of law is associated with
more effective private credit registries. Finally, the
authors find some evidence that the presence of a public
credit registry benefits younger firms relatively more than
older firms. |
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