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CFS Working Paper Series, Universität Frankfurt a. M. >
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http://hdl.handle.net/10419/43193
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| Title: | | Information sharing and credit: Firm-level evidence from transition countries  |
| Authors: | | Brown, Martin Jappelli, Tullio Pagano, Marco |
| Issue Date: | | 2008 |
| Series/Report no.: | | CFS Working Paper 2008/34 |
| 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. |
| Subjects: | | Information Sharing Credit Access Transition Countries |
| JEL: | | D82 G21 G28 O16 P34 |
| Document Type: | | Working Paper |
| Appears in Collections: | | CFS Working Paper Series, Universität Frankfurt a. M.
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