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Does bank efficiency influence the cost of credit?
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SYSNO ASEP 0504918 Druh ASEP J - Článek v odborném periodiku Zařazení RIV J - Článek v odborném periodiku Poddruh J Článek ve WOS Název Does bank efficiency influence the cost of credit? Tvůrce(i) Shamshur, Anastasiya (NHU-C) RID
Weill, L. (FR)Zdroj.dok. Journal of Banking & Finance. - : Elsevier - ISSN 0378-4266
Roč. 105, August (2019), s. 62-73Poč.str. 12 s. Jazyk dok. eng - angličtina Země vyd. NL - Nizozemsko Klíč. slova bank efficiency ; cost of credit Vědní obor RIV AH - Ekonomie Obor OECD Applied Economics, Econometrics CEP GA19-20771S GA ČR - Grantová agentura ČR Způsob publikování Omezený přístup Institucionální podpora NHU-C - Progres-Q24 UT WOS 000472698500005 EID SCOPUS 85065904726 DOI 10.1016/j.jbankfin.2019.05.002 Anotace Using a large sample of firms from nine European countries, this study examines the relationship between bank efficiency and the cost of credit for borrowing firms. We hypothesize that bank efficiency – the ability of banks to operate at lower costs – is associated with lower loan rates and thus lower cost of credit. Combining firm-level and bank-level data, we find support for this prediction. The effect of bank efficiency on the cost of credit varies with firm and bank size. Bank efficiency reduces the cost of credit for SMEs, but does not exert a significant influence for either micro companies or large firms. Furthermore, the effect is driven by large banks, where improvements in bank efficiency tend to be strongly associated with lower cost of credit. We also find that lower bank competition facilitates the transmission of greater bank efficiency to lower cost of credit. Overall, our results indicate that measures that increase bank efficiency can foster access to credit. Pracoviště Národohospodářský ústav - CERGE Kontakt Tomáš Pavela, pavela@cerge-ei.cz, Tel.: 224 005 122 Rok sběru 2020 Elektronická adresa http://dx.doi.org/10.1016/j.jbankfin.2019.05.002
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