Arbeitspapier
Default rates in the loan market for SMEs: Evidence from Slovakia
Banks entering an emerging market face a lot of uncertainty about the risks involved in lending. We use a unique unbalanced panel of nearly 700 short-term loans made to SMEs in Slovakia between January 2000 and June 2005. Of the loans granted, on average 6.0 per cent of the firms defaulted. Several probit models and panel probit models show that liquidity and profitability factors are important determinants of SMEs defaults, while debt factors are less robust. However, we find that above average indebtedness significantly increases the probability of default. Moreover, the legal form that determines liability has important incentive effects.
- Sprache
-
Englisch
- Erschienen in
-
Series: Munich Discussion Paper ; No. 2007-1
- Klassifikation
-
Wirtschaft
Bankruptcy; Liquidation
Banks; Depository Institutions; Micro Finance Institutions; Mortgages
Single Equation Models; Single Variables: Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilities
- Thema
-
SME
Credit
Loan Default
Mortality Rates
Incentives
Probit
Panel Data
Kreditmarkt
Insolvenz
KMU
Schätzung
Slowakei
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Fidrmuc, Jarko
Hainz, Christa
Malesich, Anton
- Ereignis
-
Veröffentlichung
- (wer)
-
Ludwig-Maximilians-Universität München, Volkswirtschaftliche Fakultät
- (wo)
-
München
- (wann)
-
2007
- DOI
-
doi:10.5282/ubm/epub.1356
- Handle
- URN
-
urn:nbn:de:bvb:19-epub-1356-2
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Fidrmuc, Jarko
- Hainz, Christa
- Malesich, Anton
- Ludwig-Maximilians-Universität München, Volkswirtschaftliche Fakultät
Entstanden
- 2007
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