Bank credit and business financing

Diana Morales Arenas

Research output: ThesisDoctoral ThesisScientific

162 Downloads (Pure)

Abstract

This dissertation consists of three essays on empirical banking. They explore the bank lending granted to businesses. Chapter 1 explores the effect of less stringent collateral requirements on small firms’ employment growth. Not having to pledge collateral seems to have an effect on the growth strategy of very small firms leading to a more rapid increase of their workforce. Chapter 2 analyzes the access to long-term credit by firms following takeovers of many domestic banks by foreign banks. Overall, our findings suggest that a wholesale takeover of domestic banks by foreign banks has a widely-shared positive impact on loan rate, in the immediate post-takeover period, and on the loan amount, spread over time. Chapter 3 studies the impact of banking sector reforms on bank lending and trade credit among medium and large firms. A much stronger regulation, either loosening or tightening, seems to spur a bank lending complement, trade credit, among medium and large firms.
Original languageEnglish
QualificationDoctor of Philosophy
Awarding Institution
  • Tilburg University
Supervisors/Advisors
  • Ongena, S.R.G., Promotor
  • Penas, Fabiana, Promotor, External person
Award date26 Mar 2018
Place of PublicationTilburg
Publisher
Print ISBNs978 90 5668 556 0
Publication statusPublished - 2018

Fingerprint

Bank lending
Financing
Bank credit
Trade credit
Small firms
Foreign banks
Large firms
Workforce
Loans
Loan rates
Employment growth
Banking
Growth strategy
Credit
Banking sector

Cite this

Morales Arenas, D. (2018). Bank credit and business financing. Tilburg: CentER, Center for Economic Research.
Morales Arenas, Diana. / Bank credit and business financing. Tilburg : CentER, Center for Economic Research, 2018. 182 p.
@phdthesis{97ad59459c6441d181ae4763688b4d33,
title = "Bank credit and business financing",
abstract = "This dissertation consists of three essays on empirical banking. They explore the bank lending granted to businesses. Chapter 1 explores the effect of less stringent collateral requirements on small firms’ employment growth. Not having to pledge collateral seems to have an effect on the growth strategy of very small firms leading to a more rapid increase of their workforce. Chapter 2 analyzes the access to long-term credit by firms following takeovers of many domestic banks by foreign banks. Overall, our findings suggest that a wholesale takeover of domestic banks by foreign banks has a widely-shared positive impact on loan rate, in the immediate post-takeover period, and on the loan amount, spread over time. Chapter 3 studies the impact of banking sector reforms on bank lending and trade credit among medium and large firms. A much stronger regulation, either loosening or tightening, seems to spur a bank lending complement, trade credit, among medium and large firms.",
author = "{Morales Arenas}, Diana",
note = "CentER Dissertation Series Volume: 555",
year = "2018",
language = "English",
isbn = "978 90 5668 556 0",
series = "CentER Dissertation Series",
publisher = "CentER, Center for Economic Research",
school = "Tilburg University",

}

Morales Arenas, D 2018, 'Bank credit and business financing', Doctor of Philosophy, Tilburg University, Tilburg.

Bank credit and business financing. / Morales Arenas, Diana.

Tilburg : CentER, Center for Economic Research, 2018. 182 p.

Research output: ThesisDoctoral ThesisScientific

TY - THES

T1 - Bank credit and business financing

AU - Morales Arenas, Diana

N1 - CentER Dissertation Series Volume: 555

PY - 2018

Y1 - 2018

N2 - This dissertation consists of three essays on empirical banking. They explore the bank lending granted to businesses. Chapter 1 explores the effect of less stringent collateral requirements on small firms’ employment growth. Not having to pledge collateral seems to have an effect on the growth strategy of very small firms leading to a more rapid increase of their workforce. Chapter 2 analyzes the access to long-term credit by firms following takeovers of many domestic banks by foreign banks. Overall, our findings suggest that a wholesale takeover of domestic banks by foreign banks has a widely-shared positive impact on loan rate, in the immediate post-takeover period, and on the loan amount, spread over time. Chapter 3 studies the impact of banking sector reforms on bank lending and trade credit among medium and large firms. A much stronger regulation, either loosening or tightening, seems to spur a bank lending complement, trade credit, among medium and large firms.

AB - This dissertation consists of three essays on empirical banking. They explore the bank lending granted to businesses. Chapter 1 explores the effect of less stringent collateral requirements on small firms’ employment growth. Not having to pledge collateral seems to have an effect on the growth strategy of very small firms leading to a more rapid increase of their workforce. Chapter 2 analyzes the access to long-term credit by firms following takeovers of many domestic banks by foreign banks. Overall, our findings suggest that a wholesale takeover of domestic banks by foreign banks has a widely-shared positive impact on loan rate, in the immediate post-takeover period, and on the loan amount, spread over time. Chapter 3 studies the impact of banking sector reforms on bank lending and trade credit among medium and large firms. A much stronger regulation, either loosening or tightening, seems to spur a bank lending complement, trade credit, among medium and large firms.

M3 - Doctoral Thesis

SN - 978 90 5668 556 0

T3 - CentER Dissertation Series

PB - CentER, Center for Economic Research

CY - Tilburg

ER -

Morales Arenas D. Bank credit and business financing. Tilburg: CentER, Center for Economic Research, 2018. 182 p. (CentER Dissertation Series).