Combining multi-year, firm-level surveys with country-level panel data for 53 countries, the authors explore the impact of bank competition on firms' access to finance. They find that low competition, as measured by high values of the Lerner index, diminishes firms' access to finance, while commonly-used bank concentration measures are not robust predictors of firms' access to finance. In addition, they find that the impact of competition on access...
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2012/08/01
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Documento de trabalho sobre pesquisa de políticas
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WPS6163
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1
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1
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2012/08/01
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Disclosed
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How bank competition affects firms' access to finance
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access to finance
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