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| Tekijä: | Agostino, M. Trivieri, F. |
| Otsikko: | Is banking competition beneficial to SMEs? An empirical study based on Italian data |
| Lehti: | Small business economics
2010 : OCT, VOL. 35:3, p. 335-355 |
| Asiasana: | banking bank lending small business Italy entrepreneurship |
| Kieli: | eng |
| Tiivistelmä: | Using a large panel data of Italian firms in 1995-2003, this paper investigates the relationship between bank debt and non-financial SMEsÂ’ performance, evaluating whether and to what extent this connection is affected by the rate of competition characterising the local credit market of the firms. Controlling for inertia, unobserved heterogeneity and the endogeneity of some performance determinants, it is found that the (negative) effect of bank debt on firmsÂ’ performance is weaker for firms operating in more competitive banking markets. This result indicates that a more intense banking competition may result in better credit conditions for small and medium-sized firms. |
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