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Determinants of loan maturity in small business lending

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dc.title Determinants of loan maturity in small business lending en
dc.contributor.author Rahman, Ashiqur
dc.contributor.author Rózsa, Zoltán
dc.contributor.author Kozubíková, Ludmila
dc.contributor.author Cepel, Martin
dc.relation.ispartof Journal of International Studies
dc.identifier.issn 2071-8330 Scopus Sources, Sherpa/RoMEO, JCR
dc.date.issued 2017
utb.relation.volume 10
utb.relation.issue 2
dc.citation.spage 104
dc.citation.epage 118
dc.type article
dc.language.iso en
dc.publisher Centre of Sociological Research
dc.identifier.doi 10.14254/2071-8330.2017/10-2/7
dc.relation.uri http://www.jois.eu/?335,en_determinants-of-loan-maturity-in-small-business-lending
dc.subject Asymmetric information en
dc.subject Collateral en
dc.subject Concentration en
dc.subject Distance en
dc.subject Female en
dc.subject Loan maturity en
dc.subject Small and medium enterprises en
dc.description.abstract This paper investigates the determinants of loan maturity of small and medium enterprises (SMEs) in the context of Visegrad countries: Czech Republic, Slovak Republic, Poland, and Hungary. The data of instead of for this paper was obtained from the Business Environment and Enterprise Performance Survey (BEEPS), which is a joint project of the European Bank for Reconstruction and Development and the World Bank. By using a binary logistic model, we have found that loan maturity is shorter for older and mature firms, firms owned by female and firms experiencing a shortage of liquidity. At the same time, we have also found that firms having concentrated ownership structure and more tangible assets can borrow for a longer period. In addition to that, we have found evidence that loan maturity is longer for the firms located closer to a bank branch. We also provide empirical support for the assumption that bank low competition is associated with longer maturity. From the obtained results, we may recommend SMEs to borrow from banks that are within their vicinity since this may increase the maturity of loans. Policy makers are recommended to implement policies so that to alleviate gender-related discrimination and take initiatives to moderate the level of competition at this market. © Foundation of International Studies and CSR, 2017. en
utb.faculty Faculty of Management and Economics
dc.identifier.uri http://hdl.handle.net/10563/1007509
utb.identifier.obdid 43876605
utb.identifier.scopus 2-s2.0-85029937559
utb.source j-scopus
dc.date.accessioned 2017-10-16T14:43:40Z
dc.date.available 2017-10-16T14:43:40Z
dc.rights Attribution 3.0 Unported
dc.rights.uri https://creativecommons.org/licenses/by/3.0/
dc.rights.access openAccess
utb.contributor.internalauthor Rahman, Ashiqur
utb.contributor.internalauthor Kozubíková, Ludmila
utb.fulltext.affiliation Ashiqur Rahman Tomas Bata University in Zlin, Zlin, Czech Republic Email: rahman@fame.utb.cz Zoltan Rozsa School of Economics and Management in Public Administration in Bratislava, Bratislava, Slovak Republic Email: zoltan.rozsa@vsemvs.sk Ludmila Kozubikova Tomas Bata University in Zlin, Zlin, Czech Republic Email: kozubikova@fame.utb.cz Martin Cepel LIGS University LLC, Honolulu, Hawaii, USA Email: cepel@benzinol.com
utb.fulltext.dates Received: November, 2016 1st Revision: January, 2017 Accepted: May, 2017
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utb.fulltext.sponsorship Ashiqur Rahman is thankful to the Internal Grant Agency of FaME TBU No. IGA/FaME/2017/010: Financial Constraints on Economic Activities, for financial support to carry out this research.
utb.scopus.affiliation Tomas Bata University in Zlin, Zlin, Czech Republic; School of Economics and Management in Public Administration in Bratislava, Bratislava, Slovakia; LIGS University LLC, Honolulu, HI, United States
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