202
Views
0
CrossRef citations to date
0
Altmetric
Articles

Lending relationship, small businesses and NPLs in Tunisia

ORCID Icon, ORCID Icon & ORCID Icon
Pages 337-352 | Received 01 May 2022, Accepted 04 Nov 2022, Published online: 16 Dec 2022

References

  • Abid, L., Ouertani, N., & Zouari-Ghorbel, S. (2015). Les déterminants des NPLs des ménages en Tunisie. Revue Gestion et Organisation, 7(2), 77–92. https://doi.org/10.1016/j.rgo.2015.07.004
  • Adair, P., & Fhima, F. (2013). Le financement des PME en Tunisie : dépendance à l’égard des banques et rationnement du crédit. Revue Internationale PME, 26(3-4), 117–138. https://doi.org/10.7202/1024521ar
  • AFC. (2012). Note sur les banques cotées, Arab Financial Consultants, https://fr.slideshare.net/samibou/note-secteur-bancaire-tunisien-09-2012
  • Baas, T., & Schrooten, M. (2006). Relationship banking and SMEs: A theoretical analysis. Small Business Economics, 27(2–3), 127–137. https://doi.org/10.1007/s11187-006-0018-7
  • Beck, T., Degryse, H., De Haas, R., & van Horen, N. (2018). When arm’s length is too Far. Relationship banking over the credit cycle. Journal of Financial Economics, 127(1), 176–194. https://doi.org/10.1016/j.jfineco.2017.11.007
  • Bellouma, M., Ben Naceur, S., & Omri, A. (2009). Lending relationship, risk premium and credit availability. Afro-Asian Journal of Accounting and Finance, 1(3), 235–250. https://doi.org/10.1504/AAJFA.2009.024300
  • Ben Romdhane, S., & Kenzari, K. (2020). The determinants of the volatility of Non-performing loans of Tunisian banks: Revolution versus COVID-19. Review of Economics and Finance, 18, 92–111. https://doi.org/10.55365/1923.x2020.18.11
  • Berger, A. N., & Deyoung, R. (2001). The effects of geographic expansion on bank efficiency. Journal of Financial Services Resources, 19(2), 163–184. https://doi.org/10.1023/A:1011159405433
  • Berger, A. N., Klapper, L., & Udell, G. F. (2001). The ability of banks to lend to informationally opaque small businesses. Finance and Economics Discussion Series, 34(1), 1–46.
  • Berger, A. N., Miller, N. H., Petersen, M. A., Rajan, R. G., & Stein, J. C. (2005). Does function follow organizational form? Evidence from the lending practices of large and small banks. Journal of Financial Economics, 76(2), 237–269. https://doi.org/10.1016/j.jfineco.2004.06.003
  • Berger, A. N., Molyneux, P., & Wilson, J. O. S. (2019). The Oxford handbook of banking (Third edition). Oxford University Press.
  • Berger, A. N., & Udell, G. F. (2002). Small business credit availability and relationships lending: The importance of bank organizational structure. Economic Journal, 112(477), 32–53. https://doi.org/10.1111/1468-0297.00682
  • Berger, A. N., & Udell, G. F. (2006). A more complete conceptual framework for SME finance. Journal of Banking and Finance, 30(11), 2945–2966. https://doi.org/10.1016/j.jbankfin.2006.05.008
  • Bhattarai, Y. R. (2017). Determinants of lending interest rates of Nepalese commercial banks. Economic Journal of Development Issues, 19(1-2), 1–39. https://doi.org/10.3126/ejdi.v19i1-2.17699
  • Bolton, P., Freixas, X., Gambacorta, L., & Mistrulli, P. E. (2016). Relationship and transaction lending in a crisis. Review of Financial Studies, 29(10), 2643–2676. https://doi.org/10.1093/rfs/hhw041
  • Bonin, J., Hasan, I., & Wachtel, P. (2005). Bank privatization and performance: Evidence from transition countries. Journal of Banking and Finance, 29(1), 31–53. https://doi.org/10.1016/j.jbankfin.2004.06.015
  • Buch, C. (2003). Information versus regulation: What drives the international activities of commercial banks? Journal of Money Credit and Banking, 35(6), 851–869. https://doi.org/10.1353/mcb.2003.0042
  • Carter, D. A., McNulty, J., & Verbrugge, J. (2005). Deregulation, technological change, and the business lending performance of large and small banks. Journal of Banking and Finance, 29(5), 1113–1130. https://doi.org/10.1016/j.jbankfin.2004.05.033
  • Cerqueiro, G., Degryse, H., & Ongena, S. (2011). Rules versus discretion in loan rate setting. Journal of Financial Intermediation, 20(4), 503–529.
  • Chu, Y., & Zi, L. (2022). Banking relationship, information reusability, and acquisition loans. Journal of Banking and Finance, 138(C), 106449. https://doi.org/10.1016/j.jbankfin.2022.106449
  • Clarke, G., Cull, R., & Peria, M. (2006). Foreign banks participation and access to credit across firms in developing countries. Journal of Comparative Economics, 34(4), 774–795. https://doi.org/10.1016/j.jce.2006.08.001
  • Cottarelli, C., Dell’Aricia, G., & Vladkova-Hollar, I. (2005). Early birds, late risers, and sleeping beauties: Bank credit growth to the private sector in Central and Eastern Europe and in the Balkans. Journal of Banking and Finance, 29(1), 83–104. https://doi.org/10.1016/j.jbankfin.2004.06.017
  • De la Torre, A., Pería, M. S. M., & Schmukler, S. L. (2010). Bank involvement with SMEs: Beyond relationship lending. Journal of Banking & Finance, 34(9), 2280–2293. https://doi.org/10.1016/j.jbankfin.2010.02.014
  • De Young, R., Glennon, D., & Nigro, P. (2008). Borrower-lender distance, credit scoring, and loan performance: Evidence from informational-opaque small business borrowers. Journal of Financial Intermediation, 17(1), 113–143. https://doi.org/10.1016/j.jfi.2007.07.002
  • Degryse, H., Laeven, L., & Ongena, S. (2009). The impact of organizational structure and lending technology on banking competition. Review of Finance, 13(2), 225–259. https://doi.org/10.1093/rof/rfn029
  • Demirgüç-Kunt, A., & Huizinga, H. (2000). Determinants of commercial bank interest margins and profitability: Some international evidence. World Bank Economic Review, 13(2), 379–408. https://doi.org/10.1093/wber/13.2.379
  • Diwan, I., & Rodrick, D. (1992). Debt reduction, adjustment lending, and burden sharing, NBER Working Paper, No. 4007, Cambridge, MA, March.
  • Djelassi, M., Mazioud, M., & Saidane, D. (2010). Financement des investissements en Tunisie : Le rôle des banques est-il important? Revue d’Economie Financière, 97(2), 309–325. https://doi.org/10.3406/ecofi.2010.5407
  • Ennew, C. T., & Binks, M. R. (1995). The provision of finance to small businesses: Does the banking relationship constraint performance. The Journal of Entrepreneurial Finance, 4(1), 57–79. https://doi.org/10.57229/2373-1761.1167
  • European Investment Bank. (2018). Banking in Africa: Delivering on financial inclusion, supporting financial stability, https://www.eib.org/attachments/efs/economic_report_banking_africa_2018_en.pdf
  • Fawad, A., & Taqadus, B. (2013). Explanatory power of bank specific variables as determinants of non-performing loans: Evidence from Pakistan banking sector. World Applied Sciences Journal, 22(9), 1220–1231.
  • Fhima, F., & Trabelsi, W. (2021). Loan officer and the evolution of bank-SMEs relationship in Tunisia. International Journal of Economics and Finance, 13(9), 41–60. https://doi.org/10.5539/ijef.v13n9p41
  • Fisher, K., Gueyie, J., & Ortiz, E. (2001). Risk-taking and charter value of commercial banks’ from the NAFTA countries. The International Journal of Finance, 13(1), 2027–2043.
  • Hansen, B. E. (1999). Threshold effects in non-dynamic panels: Estimation, testing, and inference. Journal of Econometrics, 93(2), 345–368. https://doi.org/10.1016/S0304-4076(99)00025-1
  • IMF. (2018). Tunisia – Third review under the extended fund facility, and request for waiver of applicability and modification of performance criteria, IMF Country Report No. 18/218. Washington DC, International Monetary Fund.
  • IMF. (2019). Tunisia – Fifth Review under the extended fund facility, and requests for waivers of nonobservance and modification of performance criteria and for rephasing of access, IMF Country Report No. 19/223 Washington DC, International Monetary Fund.
  • INS. www.ins.nat.tn/ Institut National de la Statistique, Tunis
  • Khan, M. A., Siddique, A., & Sarwar, Z. (2020). Determinants of non-performing loans in the banking sector in developing state. Asian Journal of Accounting Research, 5(1), 135–145. https://doi.org/10.1108/AJAR-10-2019-0080
  • La Porta, R., Lopez-de-Silanes, F., & Shleifer, A. (2002). Government ownership of banks. Journal of Finance, 57(1), 265–301. https://doi.org/10.1111/1540-6261.00422
  • Liberti, J. M., & Petersen, M. A. (2019). Information: Hard and soft. The Review of Corporate Finance Studies, 8(1), 1–41. https://doi.org/10.1093/rcfs/cfy009
  • Louzis, D. P., Vouldis, A. T., & Metaxas, V. L. (2012). Macroeconomic and bank-specific determinants of non-performing loans in Greece: A comparative study of mortgage, business and consumer loan portfolios. Journal of Banking and Finance, 36(4), 1012–1027. https://doi.org/10.1016/j.jbankfin.2011.10.012
  • Mester, L., Nakamura, L., & Renault, M. (2005). Checking accounts and bank monitoring. Federal Reserve Bank of Philadelphia Working Paper, n°05, Philadelphia.
  • Mian, A. (2006). Distance constraints: The limits of foreign lending in poor economies. Journal of Finance, 61(3), 1465–1505. https://doi.org/10.1111/j.1540-6261.2006.00878.x
  • Mouley, S., & Hassen, R. (2017). Rapport Annuel sur l’Inclusion Bancaire & Financière: Tunisie – 2016. Tunis, Instauring an Advocacy Champion for Economy. http://www.iace.tn/wp-content/uploads/2017/03/RapportInclusionfinanciere032017
  • Palazuelos, E., Herrero-Crespo, Á, & Montoya-del-Corte, J. (2018). Accounting information quality and trust as determinants of credit granting to SMEs: The role of external audit. Small Business Economics, 51(4), 861–877. https://doi.org/10.1007/s11187-017-9966-3
  • Pesaran, M. H., Shin, Y., & Smith, R. P. (1999). Pooled mean group estimation of dynamic heterogeneous panels. Journal of the American Statistical Association, 94(446), 621–634. https://doi.org/10.1080/01621459.1999.10474156
  • Petersen, M. A. (2004). Information: Hard and soft, Kellogg School of management. Northwestern University working paper, Chicago.
  • Petersen, M. A., & Rajan, R. (2002). Does distance still matter? The Information Revolution in Small Business Lending. Journal of Finance, 57(6), 2533–2570.
  • Rajan, R. (1996). Why banks have a future: Toward a new theory of commercial banking. Journal of Applied Corporate Finance, 9(2), 114–135. https://doi.org/10.1111/j.1745-6622.1996.tb00119.x
  • F. Ratings. (2006). Fitch sovereign ratings transition and default study. New-York.
  • Rijkers, B., Freund, C. L., & Nucifora, A. (2014). All in the Family: State Capture in Tunisia. Policy Research Working Paper 6810, Washington DC, the World Bank.
  • Roberts, M. R. (2015). The role of dynamic renegotiation and asymmetric information in financial contracting. Journal of Financial Economics, 116(1), 61–81. https://doi.org/10.1016/j.jfineco.2014.11.013
  • Sapienza, P. (2004). The effects of government ownership on bank lending. Journal of Financial Economics, 72(2), 357–384. https://doi.org/10.1016/j.jfineco.2002.10.002
  • Stein, J. (2002). Information production and capital allocation: Decentralized vs. Hierarchical firms. Journal of Finance, 57(5), 1891–1921. https://doi.org/10.1111/0022-1082.00483
  • Stiglitz, J. E., & Weiss, A. (1981). Credit rationing in markets with imperfect information. American Economic Review, 71(3), 393–410.
  • Uchida, H., Udell, G. F., & Yamori, N. (2012). Loan officers and relationship lending to SMEs. Journal of Financial Intermediation, 1(1), 97–122. https://doi.org/10.1016/j.jfi.2011.06.002
  • Udell, G. F. (1989). Loan quality, commercial loan review and loan officer contracting. Journal of Banking and Finance, 13(3), 367–382. https://doi.org/10.1016/0378-4266(89)90048-4
  • Vale, B. (1993). The dual role of demand deposits under asymmetric information. Scandinavian Journal of Economics, 95(1), 77–95. https://doi.org/10.2307/3440136
  • Vithessonthi, C. (2016). Deflation, bank credit growth, and non-performing loans: Evidence from Japan. International Review of Financial Analysis, 45(C), 295–305. https://doi.org/10.1016/j.irfa.2016.04.003
  • Voordeckers, W., & Steijvers, T. (2006). Business collateral and personal commitments in SME lending. Journal of Banking and Finance, 30(11), 3067–3086. https://doi.org/10.1016/j.jbankfin.2006.05.003
  • World Bank. (2017). Tunisia – Environmental and Social Systems Assessment – State Owned Bank’s (SOB) Restructuring Program for Results operation (PforR), Report N° 117642, http://documents.worldbank.org/curated/en/904371499787118967/pdf/117642-EA-P151011-Box405292B-PUBLIC-Disclosed-7-18-2017.pdf

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.