Banking Competition and SMEs Bank Financing. Evidence from the Italian Provinces |
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Authors: | Mariarosaria Agostino Francesco Trivieri |
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Institution: | (1) Dipartimento di Economia e Statistica, Università della Calabria, Ponte P. Bucci, Cubo 1-C, 87036 Arcavacata di Rende (CS), Italy |
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Abstract: | This work investigates whether local differences in banking competition impact on the amount of bank debt used by Italian
small and medium sized manufacturing firms. Sample selection and Double Hurdle models are adopted as the process, which results
in the choice of bank financing may differ from that determining its amount. Our main finding is that more competitive banking
markets seem to be associated with relatively higher usage of bank debt by less transparent firms. On the other hand, a higher
banking competition seems to have no effect on the probability of receiving bank loans.
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Keywords: | local banking competition bank debt small and medium sized firms |
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