Determinants of perceived bank financing accessibility for SMEs

Evidence from an emerging market

Datos Bibliográficos

ID15067950
AutoresAysa Ipek Erdogan (0000-0002-8653-9271, Department of Tourism Administration, Bogazici University, Istanbul, Turkey, autor de correspondencia)
Año2019
Volumen32
Número1
Páginas690-716
Fecha de publicación2019-01-01
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaEconomic Research-Ekonomska Istraživanja (JOURNAL)
Identificadores de la revistaISSN: 1331-677X • E-ISSN: 1848-9664
EditorialInforma UK Limited (PUBLISHER • GB)
DOI10.1080/1331677x.2019.1578678
OpenAlexW2939573030
IdiomaEN
Citas recibidas2
Referencias citadas85

To contribute to the small and medium-sized enterprises (SMEs) financing literature, this paper uses a unique sample of 492 Turkish SMEs to analyse the firm-level determinants of SME perceptions of bank financing accessibility. Logistic regression results reveal that older and relatively more innovative firms are more positive about their ability to secure bank loans, as are SMEs that have longer relationships with their oldest banks. Firms with two owners are more inclined than firms with a single owner and firms with three or more owners to perceive accessing bank loans as easy. This finding signals that although bank loan applications of firms with two owners have higher credibility than those of firms with a single owner, having more than two owners creates more complex agency problems for banks. Compared with firms incurring a loss, firms that make a profit or break even perceive it to be easier to obtain bank financing. SMEs in the service industry are more positive about accessing bank loans than are firms in manufacturing and other industries

Business · Credibility · Economics · Loan · Turkish · Banking stability, regulation, efficiency · Corporate Finance and Governance · Islamic Finance and Banking Studies · Finance