Determinants of loan maturity in small business lending

Rahman, Ashiqur; Rózsa, Zoltán; Kozubíková, Ludmila; Cepel, Martin

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