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http://hdl.handle.net/10419/43193
  
Title:Information sharing and credit: Firm-level evidence from transition countries PDF Logo
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
Persistent Identifier of the first edition:urn:nbn:de:hebis:30-60389
Document Type:Working Paper
Appears in Collections:CFS Working Paper Series, Universität Frankfurt a. M.

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