Abstract
Based on cross-country survey data comprising more than 100,000 firm-year observations across 139 countries, we use a multinomial logit model to investigate the determinants of firms' access to finance and why "needy" firms are discouraged from applying for bank loans. We find that the relationship between applying for a loan and firm size is non-linear. Further, we document evidence that growing firms need and apply for funds up to a certain threshold and are less likely to be discouraged.
| Original language | English |
|---|---|
| Pages (from-to) | 806-820 |
| Number of pages | 15 |
| Journal | Economic Analysis and Policy |
| Volume | 74 |
| DOIs | |
| Publication status | Published - Jun 2022 |
Bibliographical note
Publisher Copyright:© 2022 Economic Society of Australia, Queensland
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 8 Decent Work and Economic Growth
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