Is Small Beautiful? Financial Structure, Size and Access to Finance
Combining two unique data sets, this paper explores the relationship between the relative importance of different financial institutions and their average size and firms' access to financial services. Specifically, the authors explore the rela...
| Main Authors: | , , |
|---|---|
| Format: | Policy Research Working Paper |
| Language: | English |
| Published: |
2012
|
| Subjects: | |
| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110922133048 http://hdl.handle.net/10986/3569 |
| id |
okr-10986-3569 |
|---|---|
| recordtype |
oai_dc |
| spelling |
okr-10986-35692021-04-23T14:02:10Z Is Small Beautiful? Financial Structure, Size and Access to Finance Beck, Thorsten Demirgüç-Kunt, Asli Singer, Dorothe ACCESS INDICATORS ACCESS TO CREDIT ACCESS TO EXTERNAL FINANCE ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ADVANCED ECONOMIES ALTERNATIVE FINANCING BANK ASSETS BANKING SECTOR BANKING SECTOR STABILITY BANKS BUILDING SOCIETIES CAPITAL ALLOCATION CAPITAL REQUIREMENTS CASH FLOWS COMMERCIAL BANK COMMERCIAL BANKS COMMUNITY BANKING COMMUNITY BANKS CONSOLIDATION COOPERATIVES CREDIT UNIONS CURRENCY UNITS DEPOSIT DEVELOPING COUNTRIES DEVELOPMENT BANK DEVELOPMENT CORPORATION DIVERSIFICATION DUMMY VARIABLE DUMMY VARIABLES ECONOMIC DEVELOPMENT ECONOMICS EMERGING MARKET EMERGING MARKET COUNTRIES EMERGING MARKETS ENTRY BARRIERS EXCHANGE RATES EXTERNAL FINANCE EXTERNAL FINANCING FACTORING FINANCE ACCESS FINANCE COMPANIES FINANCIAL ACCESS FINANCIAL ASSETS FINANCIAL DEVELOPMENT FINANCIAL ECONOMICS FINANCIAL HISTORY FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL PRODUCTS FINANCIAL SECTOR ASSESSMENT FINANCIAL SECTOR INDICATOR FINANCIAL SECTOR INDICATORS FINANCIAL SERVICE FINANCIAL STRUCTURE FINANCIAL SYSTEM FINANCIAL SYSTEMS FINANCING NEEDS FINANCING OBSTACLES FIRM SIZE FIRM SIZES FIRMS FOREIGN INVESTOR FOREIGN INVESTORS GOVERNMENT OWNERSHIP GROSS DOMESTIC PRODUCT GROUP LENDING HOUSING INSURANCE INSURANCE COMPANIES INTERNATIONAL BANK INTERNATIONAL FINANCIAL STATISTICS LARGE ENTERPRISES LEASING LEGAL CONSTRAINTS LENDERS LENDING TECHNIQUES LIMITED ACCESS LINE OF CREDIT LOAN LOCAL CURRENCY LOCAL MARKET MARKET STRUCTURE MARKET STRUCTURES MEDIUM ENTERPRISES MERCHANT MERCHANT BANKS MICRO-FINANCE MICROFINANCE MICROFINANCE INSTITUTIONS MINIMUM CAPITAL REQUIREMENTS NBFI NBFIS NON-BANK NONBANK INSTITUTIONS OUTREACH OVERDRAFT OVERDRAFT FACILITIES OVERDRAFT FACILITY OVERDRAFTS PENSION PENSION FUNDS POSTAL BANKS PRIVATE BANKS RISK MANAGEMENT RISK MANAGEMENT SYSTEMS RURAL BANKS SAVINGS SHARE OF BANK ASSETS SMALL BANKS SMALL BUSINESS SMALL ENTERPRISES SMALL FIRMS SME SME FINANCE SME FINANCING SME LENDING SPECIAL CREDIT SPECIAL CREDIT INSTITUTIONS SPECIALIZED BANKS SUBSIDIARIES SUBSIDIARY TRANSACTION UNDERLYING ASSETS Combining two unique data sets, this paper explores the relationship between the relative importance of different financial institutions and their average size and firms' access to financial services. Specifically, the authors explore the relationship between the share in total financial assets and average asset size of banks, low-end financial institutions, and specialized lenders, on the one hand, and firms' access to and use of deposit and lending services, on the other hand. Two findings stand out. First, the dominance of banks in most developing and emerging markets is associated with lower use of financial services by firms of all sizes. Low-end financial institutions and specialized lenders seem particularly suited to ease access to finance in low-income countries. Second, there is no evidence that smaller institutions are better in providing access to finance. To the contrary, larger specialized lenders and larger banks might actually ease small firms' financing constraints, but only at low levels of gross domestic product per capita. 2012-03-19T18:04:45Z 2012-03-19T18:04:45Z 2011-09-01 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110922133048 http://hdl.handle.net/10986/3569 English Policy Research Working Paper ; No. 5806 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Publications & Research :: Policy Research Working Paper |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ACCESS INDICATORS ACCESS TO CREDIT ACCESS TO EXTERNAL FINANCE ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ADVANCED ECONOMIES ALTERNATIVE FINANCING BANK ASSETS BANKING SECTOR BANKING SECTOR STABILITY BANKS BUILDING SOCIETIES CAPITAL ALLOCATION CAPITAL REQUIREMENTS CASH FLOWS COMMERCIAL BANK COMMERCIAL BANKS COMMUNITY BANKING COMMUNITY BANKS CONSOLIDATION COOPERATIVES CREDIT UNIONS CURRENCY UNITS DEPOSIT DEVELOPING COUNTRIES DEVELOPMENT BANK DEVELOPMENT CORPORATION DIVERSIFICATION DUMMY VARIABLE DUMMY VARIABLES ECONOMIC DEVELOPMENT ECONOMICS EMERGING MARKET EMERGING MARKET COUNTRIES EMERGING MARKETS ENTRY BARRIERS EXCHANGE RATES EXTERNAL FINANCE EXTERNAL FINANCING FACTORING FINANCE ACCESS FINANCE COMPANIES FINANCIAL ACCESS FINANCIAL ASSETS FINANCIAL DEVELOPMENT FINANCIAL ECONOMICS FINANCIAL HISTORY FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL PRODUCTS FINANCIAL SECTOR ASSESSMENT FINANCIAL SECTOR INDICATOR FINANCIAL SECTOR INDICATORS FINANCIAL SERVICE FINANCIAL STRUCTURE FINANCIAL SYSTEM FINANCIAL SYSTEMS FINANCING NEEDS FINANCING OBSTACLES FIRM SIZE FIRM SIZES FIRMS FOREIGN INVESTOR FOREIGN INVESTORS GOVERNMENT OWNERSHIP GROSS DOMESTIC PRODUCT GROUP LENDING HOUSING INSURANCE INSURANCE COMPANIES INTERNATIONAL BANK INTERNATIONAL FINANCIAL STATISTICS LARGE ENTERPRISES LEASING LEGAL CONSTRAINTS LENDERS LENDING TECHNIQUES LIMITED ACCESS LINE OF CREDIT LOAN LOCAL CURRENCY LOCAL MARKET MARKET STRUCTURE MARKET STRUCTURES MEDIUM ENTERPRISES MERCHANT MERCHANT BANKS MICRO-FINANCE MICROFINANCE MICROFINANCE INSTITUTIONS MINIMUM CAPITAL REQUIREMENTS NBFI NBFIS NON-BANK NONBANK INSTITUTIONS OUTREACH OVERDRAFT OVERDRAFT FACILITIES OVERDRAFT FACILITY OVERDRAFTS PENSION PENSION FUNDS POSTAL BANKS PRIVATE BANKS RISK MANAGEMENT RISK MANAGEMENT SYSTEMS RURAL BANKS SAVINGS SHARE OF BANK ASSETS SMALL BANKS SMALL BUSINESS SMALL ENTERPRISES SMALL FIRMS SME SME FINANCE SME FINANCING SME LENDING SPECIAL CREDIT SPECIAL CREDIT INSTITUTIONS SPECIALIZED BANKS SUBSIDIARIES SUBSIDIARY TRANSACTION UNDERLYING ASSETS |
| spellingShingle |
ACCESS INDICATORS ACCESS TO CREDIT ACCESS TO EXTERNAL FINANCE ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ADVANCED ECONOMIES ALTERNATIVE FINANCING BANK ASSETS BANKING SECTOR BANKING SECTOR STABILITY BANKS BUILDING SOCIETIES CAPITAL ALLOCATION CAPITAL REQUIREMENTS CASH FLOWS COMMERCIAL BANK COMMERCIAL BANKS COMMUNITY BANKING COMMUNITY BANKS CONSOLIDATION COOPERATIVES CREDIT UNIONS CURRENCY UNITS DEPOSIT DEVELOPING COUNTRIES DEVELOPMENT BANK DEVELOPMENT CORPORATION DIVERSIFICATION DUMMY VARIABLE DUMMY VARIABLES ECONOMIC DEVELOPMENT ECONOMICS EMERGING MARKET EMERGING MARKET COUNTRIES EMERGING MARKETS ENTRY BARRIERS EXCHANGE RATES EXTERNAL FINANCE EXTERNAL FINANCING FACTORING FINANCE ACCESS FINANCE COMPANIES FINANCIAL ACCESS FINANCIAL ASSETS FINANCIAL DEVELOPMENT FINANCIAL ECONOMICS FINANCIAL HISTORY FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL PRODUCTS FINANCIAL SECTOR ASSESSMENT FINANCIAL SECTOR INDICATOR FINANCIAL SECTOR INDICATORS FINANCIAL SERVICE FINANCIAL STRUCTURE FINANCIAL SYSTEM FINANCIAL SYSTEMS FINANCING NEEDS FINANCING OBSTACLES FIRM SIZE FIRM SIZES FIRMS FOREIGN INVESTOR FOREIGN INVESTORS GOVERNMENT OWNERSHIP GROSS DOMESTIC PRODUCT GROUP LENDING HOUSING INSURANCE INSURANCE COMPANIES INTERNATIONAL BANK INTERNATIONAL FINANCIAL STATISTICS LARGE ENTERPRISES LEASING LEGAL CONSTRAINTS LENDERS LENDING TECHNIQUES LIMITED ACCESS LINE OF CREDIT LOAN LOCAL CURRENCY LOCAL MARKET MARKET STRUCTURE MARKET STRUCTURES MEDIUM ENTERPRISES MERCHANT MERCHANT BANKS MICRO-FINANCE MICROFINANCE MICROFINANCE INSTITUTIONS MINIMUM CAPITAL REQUIREMENTS NBFI NBFIS NON-BANK NONBANK INSTITUTIONS OUTREACH OVERDRAFT OVERDRAFT FACILITIES OVERDRAFT FACILITY OVERDRAFTS PENSION PENSION FUNDS POSTAL BANKS PRIVATE BANKS RISK MANAGEMENT RISK MANAGEMENT SYSTEMS RURAL BANKS SAVINGS SHARE OF BANK ASSETS SMALL BANKS SMALL BUSINESS SMALL ENTERPRISES SMALL FIRMS SME SME FINANCE SME FINANCING SME LENDING SPECIAL CREDIT SPECIAL CREDIT INSTITUTIONS SPECIALIZED BANKS SUBSIDIARIES SUBSIDIARY TRANSACTION UNDERLYING ASSETS Beck, Thorsten Demirgüç-Kunt, Asli Singer, Dorothe Is Small Beautiful? Financial Structure, Size and Access to Finance |
| relation |
Policy Research Working Paper ; No. 5806 |
| description |
Combining two unique data sets, this
paper explores the relationship between the relative
importance of different financial institutions and their
average size and firms' access to financial services.
Specifically, the authors explore the relationship between
the share in total financial assets and average asset size
of banks, low-end financial institutions, and specialized
lenders, on the one hand, and firms' access to and use
of deposit and lending services, on the other hand. Two
findings stand out. First, the dominance of banks in most
developing and emerging markets is associated with lower use
of financial services by firms of all sizes. Low-end
financial institutions and specialized lenders seem
particularly suited to ease access to finance in low-income
countries. Second, there is no evidence that smaller
institutions are better in providing access to finance. To
the contrary, larger specialized lenders and larger banks
might actually ease small firms' financing constraints,
but only at low levels of gross domestic product per capita. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Beck, Thorsten Demirgüç-Kunt, Asli Singer, Dorothe |
| author_facet |
Beck, Thorsten Demirgüç-Kunt, Asli Singer, Dorothe |
| author_sort |
Beck, Thorsten |
| title |
Is Small Beautiful? Financial Structure, Size and Access to Finance |
| title_short |
Is Small Beautiful? Financial Structure, Size and Access to Finance |
| title_full |
Is Small Beautiful? Financial Structure, Size and Access to Finance |
| title_fullStr |
Is Small Beautiful? Financial Structure, Size and Access to Finance |
| title_full_unstemmed |
Is Small Beautiful? Financial Structure, Size and Access to Finance |
| title_sort |
is small beautiful? financial structure, size and access to finance |
| publishDate |
2012 |
| url |
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110922133048 http://hdl.handle.net/10986/3569 |
| _version_ |
1764387247362146304 |