Measurement and Determinants of Access to Loans

Arbeitspapier

Measuring and identifying financial constraints represents an important challenge in empirical studies. Due to data limitations perception-based indicators or approximations of access to finance by the usage of finance are often used, disregarding firm-specific differences in the demand for external finance. Using unique firm-level survey data, which provide information on a firm’s credit demand, we develop a direct measurement for access to credit and provide for the first time an empirical evaluation of these methods. We find that information on the usage of credit is not sufficient to identify financially constrained firms, while perception based indicators are surprisingly precise. The paper concludes by presenting recommendations for future survey design.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: CESifo Working Paper ; No. 4190

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Banks; Depository Institutions; Micro Finance Institutions; Mortgages ; Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
• Thema: access to finance ; usage of finance ; credit demand ; perceived access to finance

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Hainz, Christa ; Nabokin, Tatjana
• Ereignis: Veröffentlichung
• (wer): Center for Economic Studies and ifo Institute (CESifo)
• (wo): Munich
• (wann): 2013

Weitere Informationen

• Handle: http://hdl.handle.net/10419/72574
• Letzte Aktualisierung: 10.03.2025, 11:45 MEZ