Credit Rationing for Moroccan SMEs: Banking Constraints and Financing Characteristics in Casablanca - Settat region

Rationnement du crédit des PME marocaines: contraintes bancaires et caractéristiques du financement dans la région Casablanca-Settat

Adil Boutfssi () and Tarik Quamar
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Adil Boutfssi: Hassan II University - Morocco - University of Hassan II
Tarik Quamar: Hassan II University - University of Hassan II

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Abstract: Moroccan SMEs, which are closely linked to banking institutions to obtain the financing needed for their projects, often find themselves in a situation where these sources of financing are not easily accessible. Indeed, access to credit is often difficult for these categories of companies that are frequently confronted with the phenomenon of total and partial credit rationing. Among the causes of this problem, we can cite the somewhat opaque nature of their information system and their inability to comply with bank financing conditions compared to large companies. This article aims to shed light on the relationship between restrictive bank clauses, including the availability of guarantees, the characteristics of the credit requested and the credit rationing of SMEs in the CASABLANCA-SETTAT region. We conducted a questionnaire survey of 218 SMEs in the same region. Contingency and simple regression tests show that the lack of guarantees is a direct cause of total and partial credit rationing, particularly for small businesses that need significant financing.

Keywords: Moroccan SMEs Information asymmetry Credit rationing Bank financing Bank restrictive clauses Guarantee; Moroccan SMEs; Information asymmetry; Credit rationing; Bank financing; Bank restrictive clauses; Guarantee (search for similar items in EconPapers)
Date: 2024-12-07
New Economics Papers: this item is included in nep-ara, nep-cfn and nep-sbm
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Published in International Journal of Research in Economics and Finance, 2024, 1 (4), pp.1-17. ⟨10.71420/ijref.v1i4.31⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-05040737

DOI: 10.71420/ijref.v1i4.31

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