EconPapers    
Economics at your fingertips  
 

Self-Rationing in European Businesses: Evidence from Survey Analysis

Christos Kallandranis () and Konstantinos Drakos ()

Finance Research Letters, 2021, vol. 41, issue C

Abstract: By employing the SAFE survey data set where the credit access trend is observed directly, we explore the so-called discouraged type of borrowers. This category was largely omitted by the traditional credit rationing literature. Incorporating two possible proxies, size and age, which are affecting seeking and access to finance, we provide evidence that both are relevant to the likelihood of discouragement. In particular, size reveals a monotonic drop while age an inverse U relationship with discouragement rates. Discouragement is also strongly affected by overall country conditions.

Keywords: Small Business Lending; Loans; Rationing; Discouraged Borrowers; Survey Data (search for similar items in EconPapers)
JEL-codes: C25 G10 G30 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1544612320316214
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:41:y:2021:i:c:s1544612320316214

DOI: 10.1016/j.frl.2020.101807

Access Statistics for this article

Finance Research Letters is currently edited by R. Gençay

More articles in Finance Research Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().

 
Page updated 2022-08-28
Handle: RePEc:eee:finlet:v:41:y:2021:i:c:s1544612320316214