Does Bank Competition Affect Credit Access in Sub-Saharan Africa? Evidence from World Bank Informal Firms Surveys

References

• Abdelkader, I., & Mansouri, B. F. (2013). Competitive conditions of the Tunisian banking industry: An application of the Panzar–Rosse model. African Development Review, 25(4), 526–536.
   Web of Science ®Google Scholar
• Amir, R. (2000). Market structure, scale economies and industry performance (Discussion Papers 00-08). Denmark: Department of Economics, University of Copenhagen.
   Google Scholar
• Asongu, S. A. (2017). The effect of reducing information asymmetry on loan price and quantity in the African Banking Industry. Research in International Business and Finance, 41, 185–197.
   Web of Science ®Google Scholar
• Ayalew, M. M., & Xianzhi, Z. (2018). Bank Competition and Access to Finance: Evidence from African Countries. Journal of Industry, Competition and Trade, 19(1), 155–184.
   Web of Science ®Google Scholar
• Banya, R. M., & Biekpe, N. (2017). Bank competition and economic growth: Empirical evidence from selected frontier African countries. Journal of Economic Studies, 44(2), 245–265.
   Web of Science ®Google Scholar
• Bardasi, E., Blackden, C. M., & Guzman, J. C. (2007). Gender, entrepreneurship, and competitiveness in Africa. (Africa Competitiveness Report).
   Google Scholar
• Baumol, W. J. (1982). Contestable markets: An uprising of the theory of industrial structure. American Economic Review, 72(1), 1–15.
   Web of Science ®Google Scholar
• Beck T and Demirguc-Kunt A (2006): Small and medium-size enterprises: Access to finance as a growth constraint.Journal of Banking & Finance 30 (11), 2931–2943.
   Web of Science ®Google Scholar
• Beck, T., Demirguc-Kunt, A., & Maksimovic, V. (2003). Bank Competition and access to finance: International evidence. Journal of Money, Credit and Banking, 36(3), 627–648.
   Web of Science ®Google Scholar
• Brown M., Jappelli T and Pagano M. (2009). Information sharing and credit. Firm level evidence from transition economies. Journal of Financial Intermediation,18 (2), 151-172.
   Google Scholar
• Biekpe, N. (2011). The competitiveness of commercial banks in Ghana. African Development Review, 26(1), 75–87.
   Google Scholar
• Boone, J. (2008). A new way to measure competition. The Economic Journal, 118(531), 1245–1261.
   Web of Science ®Google Scholar
• Brambor, T., Clark, W. M., & Golder, M. (2006). Understanding interaction models: Improving empirical analyses. Political Analysis, 14(1), 1123–1136.
   Web of Science ®Google Scholar
• Bulow, J., & Klemperer, P. (1999). Prices and the winner’s curse. RAND Journal of Economics, 33(1), 1–21.
   Google Scholar
• Carbo-Valverde, S., Rodriguez-Fernandez, F., & Udell, G. F. (2008). Bank market power and SME financing constraints. Review of Finance, 13, 309–340.
   Web of Science ®Google Scholar
• Chong, T. T. L., Lu, L., & Ongena, S. (2013). Does banking competition alleviate or worsen credit constraints faced by small and medium enterprises? Evidence from China. Journal of Banking and Finance, 37(9), 3412–3424.
   Web of Science ®Google Scholar
• Claessens S and Laeven L. (2004). What drives Bank competition? Some international evidence. Journal of Money Credit and Banking, 36 (3), 563–583.
   Web of Science ®Google Scholar
• Cole R and Dietrich A. (2012). SME credit availability around the World. Evidence from the World Bank Enterprise surveys of small Business Finance. Mid West Finance Association 2013. Annual Meeting Paper.
   Google Scholar
• Corts, K. (1999). Conduct Parameters and measurement of Market power. Journal of Econometrics, 88 (2), 227-250.
   Google Scholar
• Demirguc-Kunt, A., Beck, T., & Honohan, P. (2008). Finance for all. Policies and pitfalls in expanding access (A World Bank Policy Research Report).
   Google Scholar
• Diagne, A., Zeller, M., & Sharma, M. (2000). Empirical measurements of households’ access to credit and credit constraints in developing countries: Methodological issues and evidence (IFPRI, FCND Discussion Paper No. 90. IFPRI).
   Google Scholar
• Ezeoha, A., & Botha, F. (2012). Firm age, collateral value and access to debt financing in an emerging economy: Evidence from South Africa. South African Journal of Economic and Management Sciences, 15(1), 55–71.
   Web of Science ®Google Scholar
• Fowowe B. (2017). Access to finance and firm performance. Evidence from African countries. Review of Development Finance , 7 (1), 6-17.
   Google Scholar
• Fairlie R and Robb A. (2009). Gender differences in business performance. Evidence from the Characteristics of Business Owners survey. Small Business Economics, 33 (4), 375–395.
   Web of Science ®Google Scholar
• Fischer, K. H. (2000). Acquisition of information in loan markets and bank market power, an empirical investigation (Mimeo Johann Wolfgang Goethe University Frankfurt).
   Google Scholar
• Fosu, S. (2013). Banking competition in Africa; Sub regional comparative studies (Discussion Papers in Economics 13/12). Division of Economics, School of Business, University of Leicester
   Google Scholar
• Global Financial Development database. (2016-2019). World Bank. http://databank.worldbank.org/data/reports.aspx?source=Global-Financial-Development
   Google Scholar
• González, V. M., & González, F. (2008). Influence of bank concentration and institutions on capital structure: New international evidence. Journal of Corporate Finance, 14(4), 363–375.
   Web of Science ®Google Scholar
• Hauner, D., & Peiris, S. H. (2008). Banking efficiency and competition in low income countries: The case of Uganda. Applied Economics, 40(21), 2703–2720.
   Web of Science ®Google Scholar
• Hay, D. A., & Liu, G. S. (1997). The efficiency of firms: What difference does competition make? The Economic Journal, 10(442), 597–617.
   Google Scholar
• Igan, D., Mirzaei, A., & Moore, T. (2018). How do regulations of entry and credit access relate to industry competition? International evidence (IMF Working paper WP18/84).
   Google Scholar
• Kerstern R., Harms J., Liket K and Maas K. (2017). Small firms Large Impact? A systematic review of the SME Finance literature. World Development 97, 330-348.
   Google Scholar
• Kouki, I., & Al-Nasser, A. (2014). The implication of banking competition: Evidence from African countries. Research in International Business and Finance, 39, 878–895.
   Google Scholar
• Leon, F. (2014). “Does bank competition alleviates credit constraints in developing countries? Journal of Banking and Finance, 57, 130–142.
   Web of Science ®Google Scholar
• Leon, F. & Weil L. (2017). Islamic Banking Development and access to Credit. Working Papers of LaRGE Research Center. 2016–02. University of Strasbourg.
   Google Scholar
• Love, I., & Mylenko, N. (2005). Credit reporting and financing constraints. Credit Technology, 50, 7–33.
   Google Scholar
• Love, I., & Peria, M. S. M. (2014). How bank competition affects firms’ access to finance. The World Bank Economic Review, 29(3), 413–448.
   Web of Science ®Google Scholar
• Lee N., Sameen H and Cowling M (2015): Access to finance for innovative SMES since the financial crisis. Research Policy ,44 (2), 370-380.
   Google Scholar
• Mengistu, A., & Perez-Saiz, H. (2018). Financial inclusion and bank competition in Sub-Saharan Africa (IMF Working Paper WP/18/256).
   Google Scholar
• Moyo, B. (2018). An analysis of competition, efficiency and soundness in the South African banking sector (ERSA Working paper 747).
   Google Scholar
• Narain, S. (2009). Gender and access to finance (World Bank Research Paper).
   Google Scholar
• Ncube, M. (2013). Recognising Africa’s informal sector. African Development Bank. Retrieved January 2018 https://www.afdb.org/en/blogs/afdb-championing-inclusive-growth-across-africa/post/recognizing-africas-informal-sector-11645/
   Google Scholar
• Owen, A. L., & Pereira, J. (2016). Bank concentration, competition and financial inclusion (MPRA Paper No 73598).
   Google Scholar
• Petersen, M., & Rajan, R. (1995). The effect of credit market competition on lending relationships. Quarterly Journal of Economics, 110(2), 407–443.
   Web of Science ®Google Scholar
• Popov, A. & Udell G. (2012).Cross Border banking, credit access and the financial crisis. Journal of International Economics, 87(1), 147–161.
   Web of Science ®Google Scholar
• Pratap, S., & Quintin, E. (2006). The informal sector in developing countries. Output assets and employment (UNU-WIDER Research paper No 2006/130).
   Google Scholar
• Rice, T., & Straham, P. E. (2008). Does credit supply affect small firm finance? (Finance and Economics Discussion Working Paper Series 2008-54).
   Google Scholar
• Richardson, P., Rhona, H., & Finnegan, G. (2004). The challenges of growing small businesses: Insights from women entrepreneurs in Africa (ILO Geneva, SEED Working Paper No. 47).
   Google Scholar
• Rosenthal, R. (1980). A model in which an increase in the number of sellers leads to a higher price. Econometrica, 48(6), 1575–1579.
   Web of Science ®Google Scholar
• Ryan, R. M., O’Toole, C. M., & McCann, F. (2014). Does bank market power affect SME financing constraints? Journal of Banking and Finance, 49, 495–505.
   Web of Science ®Google Scholar
• Sanya, S. & Gaertner, M. (2012). Assessing Bank Competition within the East African Community. IMF Working Papers 1232.
   Google Scholar
• Schneider F., Buehn A and Montenegro C (2010): Shadows Economies all over the World. New estimates for 162 countries from 1999-2007. A World Bank regional report on the Informal sector in Central, Southern Europe and the Baltic countries. Policy Research Working Paper 5356.
   Google Scholar
• Simpasa, A. M. (2013). Competition and market structure in the Zambian banking sector (African Development Bank Working paper series 168).
   Google Scholar
• Stiglitz, J. (1989). Imperfect information in the product market. In R. Schmalensee & R. Willig (Eds.), Handbook of industrial organization (Vol. I). Amsterdam: Elsevier Science Publishers. 769-847.
   Google Scholar
• Tacneng, R. (2014). Local banking market structure and SME financing obstacles: Evidence from the Philippines (LAPE Working Paper).
   Google Scholar
• Tchamyou, V. S. (2018). Education, lifelong learning, inequality and financial access: Evidence from African countries (AGDI Working paper WP/18/003).
   Google Scholar
• Wang Y. (2016). What are the biggest obstacles to growth of SMEs in developing countries? An empirical evidence from an enterprise survey. Borsa Instabul Review, 16 (3), 167-176.
   Google Scholar
• WIEGO. (2012). Informal economy statistics. http://www.wiego.org/informal-economy/statistical-picture
   Google Scholar
• World Bank. (2011). Policies to reduce informal employment. An international survey (Technical note for the government of Ukraine).
   Google Scholar
• World Economic Outlook (2018). Washington, International Monetary Fund. https://imf.org/external/pubs/ft/weo/2018/02/weodata/index.aspx.
   Google Scholar
• World Bank Enterprise Surveys. (2020). Washington DC, World Bank. https://www.enterprisesurveys.org/portal/index.aspx#/library?dataset=Enterprise%20Survey
   Google Scholar
• World Development Indicators. (2018). Washington DC, World Bank. http://databank.worldbank.org/data/reports.aspx?source=world-development-indicators
   Google Scholar
• Worldwide Governance Indicators. (2018). Washington DC, World Bank. http://databank.worldbank.org/data/reports.aspx?source=worldwide-governance-indicators
   Google Scholar
• Zarutskie, R. (2003). Does bank competition affect how much firms can borrow? New evidence from the US. Proceedings from Federal Reserve Bank of Chicago no 856
   Google Scholar