Arbeitspapier
Default Rates in the Loan Market for SMEs: Evidence from Slovakia
The current crisis raises the question whether loans to SMEs in emerging markets areinherently more risky. We use a unique unbalanced panel of nearly 700 loans made toSMEs in Slovakia between 2000 and 2005. Several probit and panel probit models showthat liquidity and profitability factors are important determinants of SME defaults.Moreover, we find that indebtedness significantly increases the probability of default.Finally, liability as proxied by the legal form of SMEs has important incentive effects.In sum, default rates and factors converged to values found in developed financialmarkets.
- Sprache
-
Englisch
- Erschienen in
-
Series: ifo Working Paper ; No. 72
- Klassifikation
-
Wirtschaft
Single Equation Models; Single Variables: Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilities
Banks; Depository Institutions; Micro Finance Institutions; Mortgages
Bankruptcy; Liquidation
- Thema
-
SMEs
banking
loan default
incentives
asymmetric information
probit
financial crisis
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Fidrmuc, Jarko
Hainz, Christa
- Ereignis
-
Veröffentlichung
- (wer)
-
ifo Institute - Leibniz Institute for Economic Research at the University of Munich
- (wo)
-
Munich
- (wann)
-
2009
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Fidrmuc, Jarko
- Hainz, Christa
- ifo Institute - Leibniz Institute for Economic Research at the University of Munich
Entstanden
- 2009
Ähnliche Objekte (12)
Default rates in the loan market for SMEs: Evidence from Slovakia
Integrating with Their Feet: Cross-Border Lending at the German-Austrian Border
The Effect of Banking Regulation on Cross-Border Lending
Integrating with their feet: cross-border lending at the German-Austrian border
Grenzüberschreitende Kreditvergabe: Das Beispiel von Deutschland und Österreich
Individual credit market experience and perception of aggregate bank lending: Evidence from a firm survey
Dynamics of Access to Credit and Perceptions of Lending Policy: Evidence from a Firm Survey
Firm Credit Experience and Perceptions of Lending Policy: Business Survey Evidence from Austria
Individual credit market experience and beliefs about bank lending policy: Evidence from a firm survey
Money Demand and Disinflation in Selected CEECs during the Accession to the EU
Slovakia: The Consequences of Joining the Euro Aea before the Crisis for a Small Catching-up Economy
Business Groups in Emerging Markets - Financial Control and Sequential Investment
Default rates in the loan market for SMEs: Evidence from Slovakia
Integrating with Their Feet: Cross-Border Lending at the German-Austrian Border
The Effect of Banking Regulation on Cross-Border Lending
Integrating with their feet: cross-border lending at the German-Austrian border
Grenzüberschreitende Kreditvergabe: Das Beispiel von Deutschland und Österreich
Individual credit market experience and perception of aggregate bank lending: Evidence from a firm survey
Dynamics of Access to Credit and Perceptions of Lending Policy: Evidence from a Firm Survey
Firm Credit Experience and Perceptions of Lending Policy: Business Survey Evidence from Austria
Individual credit market experience and beliefs about bank lending policy: Evidence from a firm survey
Money Demand and Disinflation in Selected CEECs during the Accession to the EU
Slovakia: The Consequences of Joining the Euro Aea before the Crisis for a Small Catching-up Economy
Business Groups in Emerging Markets - Financial Control and Sequential Investment
Default rates in the loan market for SMEs: Evidence from Slovakia
Integrating with Their Feet: Cross-Border Lending at the German-Austrian Border
The Effect of Banking Regulation on Cross-Border Lending
Integrating with their feet: cross-border lending at the German-Austrian border
Grenzüberschreitende Kreditvergabe: Das Beispiel von Deutschland und Österreich
Individual credit market experience and perception of aggregate bank lending: Evidence from a firm survey
Dynamics of Access to Credit and Perceptions of Lending Policy: Evidence from a Firm Survey
Firm Credit Experience and Perceptions of Lending Policy: Business Survey Evidence from Austria
Individual credit market experience and beliefs about bank lending policy: Evidence from a firm survey
Money Demand and Disinflation in Selected CEECs during the Accession to the EU
Slovakia: The Consequences of Joining the Euro Aea before the Crisis for a Small Catching-up Economy