Debt capacity bancari e credit crunch: alcune osservazioni empiriche [Debt capacity from banks and credit crunch: some empirical observations]

Franco Varetto ()
Additional contact information
Franco Varetto: Ceris - Institute for Economic Research on Firms and Growth,Turin, Italy

CERIS Working Paper from CNR-IRCrES Research Institute on Sustainable Economic Growth - Torino (TO) ITALY - former Institute for Economic Research on Firms and Growth - Moncalieri (TO) ITALY

Abstract: The financial crisis has emphasized the importance of the credit crunch in constraining the financing of the firms. The debt capacity from banks is defined as the maximum amount of debt that the banks are available to grant to companies. Using annual report’s data and information from Centrale dei Rischi of Bank of Italy on a set of 321 industrial firms some econometric models on bank overdrafts have been estimated. Applying the models estimated on 2009 data to 2011 data has been obtained an appraisal of the credit crunch between 14% and 15% of the total bank lending to these companies.

JEL-codes: E44 E51 G21 G32 L60 (search for similar items in EconPapers)
Pages: 25 pages Keywords : financial crisis, corporate annual reports, credit crunch, bank of Italy’s credit loans database, bank lending
Date: 2014-12
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.byterfly.eu/islandora/object/librib:339908 (application/pdf)

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:csc:cerisp:201423

Access Statistics for this paper

More papers in CERIS Working Paper from CNR-IRCrES Research Institute on Sustainable Economic Growth - Torino (TO) ITALY - former Institute for Economic Research on Firms and Growth - Moncalieri (TO) ITALY Contact information at EDIRC.
Bibliographic data for series maintained by Anna Perin () and Giancarlo Birello ().