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Bank Competition and Access to Finance: International Evidence

Thorsten Beck, Asli Demirgüç-Kunt and Vojislav Maksimovic
Journal of Money, Credit and Banking
Vol. 36, No. 3, Part 2: Bank Concentration and Competition: An Evolution in the Making A Conference Sponsored by the Federal Reserve Bank of Cleveland May 21-23, 2003 (Jun., 2004), pp. 627-648
Stable URL: http://www.jstor.org/stable/3838958
Page Count: 22
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Bank Competition and Access to Finance: International Evidence
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Abstract

Using a unique database for 74 countries and for firms of small, medium, and large size we assess the effect of banking market structure on the access of firms to bank finance. We find that bank concentration increases obstacles to obtaining finance, but only in countries with low levels of economic and institutional development. A larger share of foreign-owned banks and an efficient credit registry dampen the effect of concentration on financing obstacles, while the effect is exacerbated by more restrictions on banks' activities, more government interference in the banking sector, and a larger share of government-owned banks.

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