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

Martin Brown (), Tullio Jappelli () and Marco Pagano ()

Discussion Papers from D.E.S. (Department of Economic Studies), University of Naples "Parthenope", Italy

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. This correlation is stronger for opaque firms than transparent ones and stronger in countries with weak legal environments than in those with strong legal environments. 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, as well as for changes in macroeconomic variables and the legal environment.

Keywords: information sharing; credit access; transition countries (search for similar items in EconPapers)
JEL-codes: D82 G21 G28 O16 P34 (search for similar items in EconPapers)
Date: 2008-04-07
New Economics Papers: this item is included in nep-ban and nep-tra
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Related works:
Journal Article: Information sharing and credit: Firm-level evidence from transition countries (2009) Downloads
Working Paper: Information sharing and credit: Firm-level evidence from transition countries (2008) Downloads
Working Paper: Information Sharing and Credit: Firm-Level Evidence from Transition Countries (2008) Downloads
Working Paper: Information Sharing and Credit: Firm-Level Evidence from Transition Countries (2007) Downloads
Working Paper: Information Sharing and Credit: Firm-Level Evidence from Transition Countries (2007) Downloads
Working Paper: Information Sharing and Credit: Firm-Level Evidence from Transition Countries (2007) Downloads
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