Credit Reporting and Financing Constraints

Love, Inessa ; Mylenko, Nataliya

World Bank, Washington, DC

关键词: CREDIT BUREAUS;    ACCESS TO CREDIT;    SMALL & MEDIUM SCALE ENTERPRISES;    RULE OF LAW;    BANK FINANCING;   

DOI  :  10.1596/1813-9450-3142
RP-ID  :  WPS3142

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

The authors combine firm-level data fromthe World Bank Business Environment Survey (WBES) with dataon private and public credit registries to investigatewhether the presence of a credit registry in a country isassociated with lower financing constraints, as perceived bymanagers, and with higher share of bank financing. They findthat the existence of private credit registries isassociated with lower financing constraints and higher shareof bank financing, while the existence of public creditregistries does not seem to have a significant effect onthese perceived financing constraints. The authors also findthat small- and medium-sized firms tend to have a highershare of bank financing in countries where privateregistries exist and stronger rule of law is associated withmore effective private credit registries. Finally, theauthors find some evidence that the presence of a publiccredit registry benefits younger firms relatively more thanolder firms.