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We use the association between non-financial firms and their banks, an information available in the European Investment Bank Investment Survey (EIBIS), to disentangle the effects of borrowers’ and lenders’ financial weakness on the satisfaction with the loan contracted. The dataset matches survey da...
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European Investment Bank
2020
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oapen-20.500.12657-434122023-02-01T09:34:28Z EIB Working Papers 2019/07 - What firms don’t like about bank loans Ségol, Matthieu Kolev, Atanas Maurin, Laurent European Investment Bank Business & Economics Finance General bic Book Industry Communication::K Economics, finance, business & management::KF Finance & accounting::KFF Finance We use the association between non-financial firms and their banks, an information available in the European Investment Bank Investment Survey (EIBIS), to disentangle the effects of borrowers’ and lenders’ financial weakness on the satisfaction with the loan contracted. The dataset matches survey data of non-financial firms about their satisfaction with bank lending with their financial data and the financial data of their banks. We find evidence of both demand and supply factors determining firm satisfaction with bank loan financing: non-financial firms with weaker finances and those financed by weaker banks are less satisfied with their bank financing. We also find that the impact of supply factors differs across regions within the EU: the effect of bank’s financial weakness on borrower satisfaction is not significant in core countries but is in periphery countries. 2020-12-15T13:27:29Z 2020-12-15T13:27:29Z 2019 book 9789286143571 https://library.oapen.org/handle/20.500.12657/43412 eng application/pdf n/a external_content.pdf European Investment Bank European Investment Bank https://doi.org/10.2867/215599 https://doi.org/10.2867/215599 66479d04-7b84-49c0-9a4d-db552a3ecc71 b818ba9d-2dd9-4fd7-a364-7f305aef7ee9 9789286143571 Knowledge Unlatched (KU) European Investment Bank Knowledge Unlatched open access |
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We use the association between non-financial firms and their banks, an information available in the European Investment Bank Investment Survey (EIBIS), to disentangle the effects of borrowers’ and lenders’ financial weakness on the satisfaction with the loan contracted. The dataset matches survey data of non-financial firms about their satisfaction with bank lending with their financial data and the financial data of their banks. We find evidence of both demand and supply factors determining firm satisfaction with bank loan financing: non-financial firms with weaker finances and those financed by weaker banks are less satisfied with their bank financing. We also find that the impact of supply factors differs across regions within the EU: the effect of bank’s financial weakness on borrower satisfaction is not significant in core countries but is in periphery countries. |
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European Investment Bank |
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2020 |
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1771297450996269056 |
