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.
  
  
    Department of Economics, University of Southampton
   
  
  
    
      Valentini, L.
      
        78d781a4-5cf8-4680-9852-ba0096d5ef1e
      
     
  
  
   
  
  
    
      1999
    
    
  
  
    
      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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          Author:
          
            
            
              L. Valentini
            
          
        
      
      
      
    
  
   
  
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