Information Sharing and Credit: Firm-Level Evidence from Transition Countries

Marco Pagano, Tullio Jappelli () and Martin Brown

No 6313, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: We investigate whether information sharing among banks has affected credit market performance in the transition countries of Eastern Europe and the former Soviet Union, using a large sample of firm-level data. Our estimates show that information sharing is associated with improved availability and lower cost of credit to firms, and that this correlation is stronger for opaque firms than transparent firms. In cross-sectional estimates, we control for variation in country-level aggregate variables that may affect credit, by examining the differential impact of information sharing across firm types. In panel estimates, we also control for the presence of unobserved heterogeneity at the firm level and for changes in selected macroeconomic variables.

Keywords: Credit access; Information sharing; Transition countries (search for similar items in EconPapers)
JEL-codes: D82 G21 G28 O16 P34 (search for similar items in EconPapers)
Date: 2007-05
New Economics Papers: this item is included in nep-ban and nep-tra
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Citations: View citations in EconPapers (28)

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Related works:
Journal Article: Information sharing and credit: Firm-level evidence from transition countries (2009)
Working Paper: Information Sharing and Credit: Firm-Level Evidence from Transition Countries (2008)
Working Paper: Information sharing and credit: Firm-level evidence from transition countries (2008)
Working Paper: Information Sharing and Credit: Firm-Level Evidence from Transition Countries (2008)
Working Paper: Information Sharing and Credit: Firm-Level Evidence from Transition Countries (2007)
Working Paper: Information Sharing and Credit: Firm-Level Evidence from Transition Countries (2007)
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