Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/203453
Authors: 
Kolev, Atanas
Maurin, Laurent
Ségol, Matthieu
Year of Publication: 
2019
Series/Report no.: 
EIB Working Papers No. 2019/07
Abstract: 
We use the association between non-financial firms and their banks, an information available in the European Investment Bank Investment Survey (EIBIS), to disentangle the effects of borrowers' and lenders' financial weakness on the satisfaction with the loan contracted. The dataset matches survey data of non-financial firms about their satisfaction with bank lending with their financial data and the financial data of their banks. We find evidence of both demand and supply factors determining firm satisfaction with bank loan financing: non-financial firms with weaker finances and those financed by weaker banks are less satisfied with their bank financing. We also find that the impact of supply factors differs across regions within the EU: the effect of bank's financial weakness on borrower satisfaction is not significant in core countries but is in periphery countries.
Subjects: 
financial constraints
bank lending
survey data
bank-firm matching
satisfaction with bank loans
bank weakness
EU regions
JEL: 
E44
G01
G32
L25
Persistent Identifier of the first edition: 
ISBN: 
978-92-861-4358-8
Document Type: 
Working Paper

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