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This paper analyzes the impact of two distinct shocks stemming from the cross-border transmission of the 2007-2009 crisis on credit availability for small firms. The paper uses data from AccessBank Azerbaijan which was affected in its liquidity position during the second and third quarters of 2008 by delays in its refinancing. The Azeri real economy was hit by the global crisis from the fourth quarter of 2008 onwards with a combined decline in oil prices, exports, remittances, and domestic demand. Therefore, a pure supply side shock con be contrasted with a real economy shock that hit exactly when the bank's funding position strengthened again. The paper finds that during the funding shock (potential) borrowers are discouraged from applying for loans. However, for those applications made, the likelihood of loan approval is not affected. The real economy shock, in contrast, reduces the approval likelihood for SME loans in particular, while agro and micro loans are considerably less affected. Finally, bank relationships increase credit availability in good as well as in bad times.

Access to Finance --- Bankruptcy and Resolution of Financial Distress --- Banks & Banking Reform --- Credit availability --- Debt Markets --- Emerging markets --- Finance and Financial Sector Development --- Financial crisis --- Microfinance --- Private Sector Development --- SME finance

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This book comprises a collection of empirical and theoretical studies covering a wide range of themes related to bank management, finance and sustainability. Sustainability represents an opportunity for banks as it contributes to improvements in trust in the banking system. However, sustainable business models must be financially viable so that they can have a positive impact on banks’ profitability, stimulating the long-term growth and resilience of the banking industry and overall financial stability.Banks are widely acknowledged as playing a crucial role in achieving the Sustainable Development Goals (SDGs), as they can promote responsible investments and integrate environmental and social criteria into lending and investment strategies. Financial intermediaries can support projects and activities that create a measurable positive economic, social and environmental impact by providing easier access to capital. Furthermore, they can have an active role in improving the financial awareness, inclusion and resilience of the most vulnerable individuals in society.

Coins, banknotes, medals, seals (numismatics) --- firm’s financial performance --- sustainability practices --- Islamic corporate governance --- mobile money --- SMEs --- financial performance --- payments and receipts --- Douala, Cameroon --- human capital --- social capital --- credit availability --- propensity score matching --- China --- risk tolerance --- risk aversion --- risk-taking --- MiFID II --- MiFIR --- suitability assessment --- households --- risky financial assets --- financial institutions --- financial advisory --- portfolio management --- financial constraints --- sustainable development --- ownership structure --- state subsidies --- former communist bloc --- institutional environment --- financial system --- corporate social responsibility --- CSR rating --- bank loan spread --- European syndicated loan market --- content analysis --- ethical banking --- global financial crisis --- hierarchical cluster analysis --- inductive category development --- in-depth interviews --- social banking --- socially responsible investment --- environmental performance --- climate change --- gender diversity --- board of directors --- banking sector --- external support --- environmental practices --- resource efficiency --- sustainable entrepreneurship --- firm size --- financial knowledge --- overconfidence --- underconfidence --- sustainable financial behavior --- financial market participation --- investment fraud --- over-indebtedness --- ethical financial companies --- ESG --- sustainable development goals (SDGs) --- bank efficiency --- bank cost --- stochastic frontier analysis --- stochastic metafrontier analysis --- high-net-worth individuals (HNWIs) --- qualitative research --- reference group theory --- socially responsible investing (SRI) --- firm’s financial performance --- sustainability practices --- Islamic corporate governance --- mobile money --- SMEs --- financial performance --- payments and receipts --- Douala, Cameroon --- human capital --- social capital --- credit availability --- propensity score matching --- China --- risk tolerance --- risk aversion --- risk-taking --- MiFID II --- MiFIR --- suitability assessment --- households --- risky financial assets --- financial institutions --- financial advisory --- portfolio management --- financial constraints --- sustainable development --- ownership structure --- state subsidies --- former communist bloc --- institutional environment --- financial system --- corporate social responsibility --- CSR rating --- bank loan spread --- European syndicated loan market --- content analysis --- ethical banking --- global financial crisis --- hierarchical cluster analysis --- inductive category development --- in-depth interviews --- social banking --- socially responsible investment --- environmental performance --- climate change --- gender diversity --- board of directors --- banking sector --- external support --- environmental practices --- resource efficiency --- sustainable entrepreneurship --- firm size --- financial knowledge --- overconfidence --- underconfidence --- sustainable financial behavior --- financial market participation --- investment fraud --- over-indebtedness --- ethical financial companies --- ESG --- sustainable development goals (SDGs) --- bank efficiency --- bank cost --- stochastic frontier analysis --- stochastic metafrontier analysis --- high-net-worth individuals (HNWIs) --- qualitative research --- reference group theory --- socially responsible investing (SRI)

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

This book comprises a collection of empirical and theoretical studies covering a wide range of themes related to bank management, finance and sustainability. Sustainability represents an opportunity for banks as it contributes to improvements in trust in the banking system. However, sustainable business models must be financially viable so that they can have a positive impact on banks’ profitability, stimulating the long-term growth and resilience of the banking industry and overall financial stability.Banks are widely acknowledged as playing a crucial role in achieving the Sustainable Development Goals (SDGs), as they can promote responsible investments and integrate environmental and social criteria into lending and investment strategies. Financial intermediaries can support projects and activities that create a measurable positive economic, social and environmental impact by providing easier access to capital. Furthermore, they can have an active role in improving the financial awareness, inclusion and resilience of the most vulnerable individuals in society.

firm’s financial performance --- sustainability practices --- Islamic corporate governance --- mobile money --- SMEs --- financial performance --- payments and receipts --- Douala, Cameroon --- human capital --- social capital --- credit availability --- propensity score matching --- China --- risk tolerance --- risk aversion --- risk-taking --- MiFID II --- MiFIR --- suitability assessment --- households --- risky financial assets --- financial institutions --- financial advisory --- portfolio management --- financial constraints --- sustainable development --- ownership structure --- state subsidies --- former communist bloc --- institutional environment --- financial system --- corporate social responsibility --- CSR rating --- bank loan spread --- European syndicated loan market --- content analysis --- ethical banking --- global financial crisis --- hierarchical cluster analysis --- inductive category development --- in-depth interviews --- social banking --- socially responsible investment --- environmental performance --- climate change --- gender diversity --- board of directors --- banking sector --- external support --- environmental practices --- resource efficiency --- sustainable entrepreneurship --- firm size --- financial knowledge --- overconfidence --- underconfidence --- sustainable financial behavior --- financial market participation --- investment fraud --- over-indebtedness --- ethical financial companies --- ESG --- sustainable development goals (SDGs) --- bank efficiency --- bank cost --- stochastic frontier analysis --- stochastic metafrontier analysis --- high-net-worth individuals (HNWIs) --- qualitative research --- reference group theory --- socially responsible investing (SRI)