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

Martin Brown, Tullio Jappelli () and Marco Pagano

CSEF Working Papers from Centre for Studies in Economics and Finance (CSEF), University of Naples, 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, 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: 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: 2007-05-01
New Economics Papers: this item is included in nep-ban, nep-cfn, nep-eec and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (17)

Published in the Journal of Financial Intermediation, Vol. 18, No. 2, April 2009, 151-172.

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http://www.csef.it/WP/wp178.pdf (application/pdf)

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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Persistent link: https://EconPapers.repec.org/RePEc:sef:csefwp:178

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