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Credit rationing and capital structure: a survey of empirical studies

Credit rationing and capital structure: a survey of empirical studies
Credit rationing and capital structure: a survey of empirical studies
This survey is part of a project on The Financial Implications of Environmental Legislation. The purpose of it is to see how the problem of credit rationing, according to borrowers' characteristics, has been empirically estimated in some literature. The survey considers first allocation of credit from the lenders' side, and second demand of credit from the borrowers' side. Both commercial and consumers' loan markets have been considered. For commercial loan the availability of data made it possible to build up more appropriate models, providing a positive answer to the question whether borrowers are discriminated according to their characteristics. The same has not been possible for the commercial loan market, mainly because data on this are scarce. This made modelling of firms' and banks' behaviour more unsatisfactory.
9905
Department of Economics, University of Southampton
Valentini, L.
78d781a4-5cf8-4680-9852-ba0096d5ef1e
Valentini, L.
78d781a4-5cf8-4680-9852-ba0096d5ef1e

Valentini, L. (1999) Credit rationing and capital structure: a survey of empirical studies (Discussion Papers in Economics and Econometrics, 9905) Southampton, UK. Department of Economics, University of Southampton

Record type: Monograph (Discussion Paper)

Abstract

This survey is part of a project on The Financial Implications of Environmental Legislation. The purpose of it is to see how the problem of credit rationing, according to borrowers' characteristics, has been empirically estimated in some literature. The survey considers first allocation of credit from the lenders' side, and second demand of credit from the borrowers' side. Both commercial and consumers' loan markets have been considered. For commercial loan the availability of data made it possible to build up more appropriate models, providing a positive answer to the question whether borrowers are discriminated according to their characteristics. The same has not been possible for the commercial loan market, mainly because data on this are scarce. This made modelling of firms' and banks' behaviour more unsatisfactory.

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Published date: 1999

Identifiers

Local EPrints ID: 33140
URI: http://eprints.soton.ac.uk/id/eprint/33140
PURE UUID: 78733bbd-5b4d-45f8-908c-e93231b88e95

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Date deposited: 10 May 2007
Last modified: 10 Jan 2024 17:53

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Contributors

Author: L. Valentini

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