Does ICT adoption improve access to credit for small enterprises?

Does ICT adoption improve access to credit for small enterprises? Using data at the bank–firm level collected through the 9th UniCredit Survey conducted in 2012 on a large sample of small businesses, we investigate the extent to which a large international bank offers better credit conditions to enterprises that use ICT more extensively. The results, which are robust to selection and endogeneity issues, show that banks tend to grant increasing volumes of credit to such enterprises. We interpret this evidence as the ceteris paribus effect of ICT adoption by small businesses on the quality of information transmitted to banks. Another possible interpretation is that banks consider ICT adoption as a signal of firms’ willingness to innovate. We also discuss implications concerning the key role that technology plays in changing the ‘arm’s length’ versus ‘relationship’ lending paradigms. Small Business Economics Springer Journals

Does ICT adoption improve access to credit for small enterprises?

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Springer US
Copyright © 2016 by Springer Science+Business Media New York
Business and Management; Management; Microeconomics; Entrepreneurship; Industrial Organization
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