Information Sharing and Credit: Firm-Level Evidence from Transition Countries

Konferenzbeitrag

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 associatedwith improved availability and lower cost of credit to firms. This correlation is stronger for opaque firms than transparent firms, and stronger in countries with weak legal environments than countries 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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Proceedings of the German Development Economics Conference, Zürich 2008 ; No. 3

Classification and Topics

• Classification: Wirtschaft ; Asymmetric and Private Information; Mechanism Design ; Banks; Depository Institutions; Micro Finance Institutions; Mortgages ; Financial Institutions and Services: Government Policy and Regulation ; Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance ; Socialist Institutions and Their Transitions: Financial Economics
• Subject: information sharing ; credit access ; transition countries

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Brown, Martin ; Jappelli, Tullio ; Pagano, Marco
• Event: Veröffentlichung
• (who): Verein für Socialpolitik, Ausschuss für Entwicklungsländer
• (where): Göttingen
• (when): 2008

Further information

• Handle: http://hdl.handle.net/10419/39894
• Last update: 10.03.2025, 11:43 AM CET