Second-tier Government Banks and Firm Performance: Micro-Evidence from Colombia

Marcela Eslava, Alessandro Maffioli () and Marcela Meléndez Arjona

No 3825, IDB Publications (Working Papers) from Inter-American Development Bank

Abstract: Despite the large potential gains from credit by second-tier development banks, little is known about the actual impact of these banks' lending activity. This study partially fills that gap by analyzing the impact of the lending activity of Bancoldex, the Colombian second-tier development bank, on firm performance. The evaluation uses data over a several-year period on loans granted to firms by Bancoldex and on performance for all manufacturing establishments with 10 or more employees.

Keywords: Second-tier development banks; access to credit; job creation; firm growth; productivity (search for similar items in EconPapers)
JEL-codes: G28 H43 L25 O12 O54 (search for similar items in EconPapers)
Date: 2012-01
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:idb:brikps:3825

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