Sustainability and bank credit access: New evidence from Italian SMEs

被引：2

作者：

D'Apolito, Elisabetta ^{[1
]}

Galletta, Simona ^{[2
]}

Iannuzzi, Antonia Patrizia ^{[3
]}

Labini, Stefania Sylos ^{[1
]}

机构：

[1] Univ Foggia, Dept Econ, Foggia, Italy

[2] Univ Catania, Dept Econ & Business, Catania, Italy

[3] Univ Bari Aldo Moro, Dept Econ Management & Business Law, Bari, Italy

来源：

RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE | 2024年 / 69卷

关键词：

SMEs; Banks; Credit access; Bank debt; Business model; Sustainable development; CORPORATE SOCIAL-RESPONSIBILITY; CAPITAL STRUCTURE; VALUE CREATION; ENTERPRISES; GOVERNANCE; FRAMEWORK; COST;

D O I：

10.1016/j.ribaf.2024.102242

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

We test whether firm sustainability positively affects access to bank credit. We carry out a panel data analysis of 125 listed Italian SMEs across 14 regions over 2017-2021. A quantitative score comprising 20 items grouped into three areas, disclosure, processes, and governance, is computed to determine the level of implementation of sustainable practices of sampled SMEs. Results show that SMEs with more sustainable orientation have greater access to bank credit and better ability to pay the cost of bank debt. This, in turn, reinforces bank -SME relationships. We contribute to the literature on SMEs, highlighting the relationship between sustainability and the availability of bank loans.

引用

下载

页数：12

共 50 条

[31] Does access to credit reduce SMEs' tax avoidance? Evidence from a regression discontinuity design
Kong, Xiaowei
Si, Deng-Kui
Li, Haiyang
Kong, Dongmin
FINANCIAL INNOVATION, 2021, 7 (01)
[32] Bank credit and trade credit: Evidence from natural experiments
Chen, Shenglan
Ma, Hui
Wu, Qiang
JOURNAL OF BANKING & FINANCE, 2019, 108
[33] Bank financing and credit rationing of Australian SMEs
McCarthy, Scott
Oliver, Barry
Verreynne, Martie-Louise
AUSTRALIAN JOURNAL OF MANAGEMENT, 2017, 42 (01) : 58 - 85
[34] Credit constraints and productivity of SMEs: Evidence from Canada
Cao, Shutao
Leung, Danny
ECONOMIC MODELLING, 2020, 88 : 163 - 180
[35] FinTech Adoption in SMEs and Bank Credit Supplies: A Study on Manufacturing SMEs
Rehman, Shafiq Ur
Al-Shaikh, Mustafa
Washington, Patrick Bernard
Lee, Ernesto
Song, Ziheng
Abu-AlSondos, Ibrahim A.
Shehadeh, Maha
Allahham, Mahmoud
ECONOMIES, 2023, 11 (08)
[36] Relational capital, profitability and access to credit: Evidence from a sample of Italian small firms
Migheli M.
International Review of Economics, 2013, 60 (2) : 221 - 233
[37] Bank lending constraints, trade credit and alternative financing during the financial crisis: Evidence from European SMEs
Casey, Eddie
O'Toole, Conor M.
JOURNAL OF CORPORATE FINANCE, 2014, 27 : 173 - 193
[38] Trade credit versus bank credit: a simultaneous analysis in European SMEs
María-José Palacín-Sánchez
Francisco-Javier Canto-Cuevas
Filippo di-Pietro
Small Business Economics, 2019, 53 : 1079 - 1096
[39] Trade credit versus bank credit: a simultaneous analysis in European SMEs
Palacin-Sanchez, Maria-Jose
Canto-Cuevas, Francisco-Javier
di-Pietro, Filippo
SMALL BUSINESS ECONOMICS, 2019, 53 (04) : 1079 - 1096
[40] Complementarity between Relationship Lending and Collateral in SME Access to Bank Credit: Evidence from Ethiopia
Fanta, Ashenafi Beyene
JOURNAL OF AFRICAN BUSINESS, 2016, 17 (03) : 308 - 318

← 1 2 3 4 5 →