{"id":60321,"date":"2007-03-09T00:00:00","date_gmt":"2007-03-09T00:00:00","guid":{"rendered":"https:\/\/www.deberes.net\/tesis\/sin-categoria\/financing-small-firms-lender-relationships-and-information-spillovers\/"},"modified":"2007-03-09T00:00:00","modified_gmt":"2007-03-09T00:00:00","slug":"financing-small-firms-lender-relationships-and-information-spillovers","status":"publish","type":"post","link":"https:\/\/www.deberes.net\/tesis\/ciencias-economicas\/financing-small-firms-lender-relationships-and-information-spillovers\/","title":{"rendered":"Financing small firms: lender relationships and information spillovers"},"content":{"rendered":"<h2>Tesis doctoral de <strong>  Garcia Appendini Mar\u00eda  Emilia <\/strong><\/h2>\n<p>Sta tesis emp\u00edrica investiga algunas razones por las cuales los bancos y los proovedores desempe\u00f1an un papel central en el financiamiento de peque\u00f1as empresas. La primera parte de la tesis refiere a \u00ablender relationships\u00bb (relaciones entre el prestamista y el prestatario), y trata un asunto central de la teor\u00eda moderna de la intermediaci\u00f3n financiera: \u00c2\u00bfes cierto que bancos acumulan informacion \u00absoft\u00bb (subjetiva)  a lo largo de su relacion con las empresas? Si es as\u00ed, \u00c2\u00bfqu\u00e9 tan importante es este tipo de informacion para determinar el acceso al cr\u00e9dito, y los t\u00e9rminos de los pr\u00e9stamos? Tomando un approach indirecto, primero se identifican los componentes \u00absoft\u00bb y \u00abhard\u00bb de la informaci\u00f3n acumulada por los bancos, para seguidamente explorar c\u00f3mo cada uno de ellos se utiliza en la decisi\u00f3n del cr\u00e9dito. El resultado central es que la informaci\u00f3n \u00absoft\u00bb desempe\u00f1a un papel central para el acceso al cr\u00e9dito. Adem\u00e1s, el tipo de inter\u00e9s cargado en los pr\u00e9stamos es m\u00e1s bajo cuando los intermediarios financieros tienen informaci\u00f3n \u00absoft\u00bb sobre los prestamistas que cuando el banco no tiene ninguna informaci\u00f3n privada sobre ellos. Por otra parte, los bancos que prestan con criterios \u00absoft\u00bb tienden a requerir colateral con una probabilidad m\u00e1s alta. La segunda parte de la tesis se refiere a \u00abinformation spillovers\u00bb (trasmisi\u00f3n de informaci\u00f3n), y los investiga si los proveedores de las empresas pueden transmitir a los bancos alguna informaci\u00f3n sobre la calidad crediticia de las empresas. Usando el metodo de variables instrumentales, el cual nos permite determinar que el flujo de la informacion va de los proveedores a los bancos, logramos encontrar una respuesta positiva a esta pregunta. De hecho, es solamente la informaci\u00f3n negativa sobre las empresas lo que importa a los intermediarios financieros. Sin embargo, esta informaci\u00f3n tiene valor solamente para los intermediarios que no tienen informaci\u00f3n privada sobre sus prestatarios<\/p>\n<p>&nbsp;<\/p>\n<h3>Datos acad\u00e9micos de la tesis doctoral \u00ab<strong>Financing small firms: lender relationships and information spillovers<\/strong>\u00ab<\/h3>\n<ul>\n<li><strong>T\u00edtulo de la tesis:<\/strong>\u00a0 Financing small firms: lender relationships and information spillovers <\/li>\n<li><strong>Autor:<\/strong>\u00a0  Garcia Appendini Mar\u00eda  Emilia <\/li>\n<li><strong>Universidad:<\/strong>\u00a0 Pompeu fabra<\/li>\n<li><strong>Fecha de lectura de la tesis:<\/strong>\u00a0 03\/09\/2007<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3>Direcci\u00f3n y tribunal<\/h3>\n<ul>\n<li><strong>Director de la tesis<\/strong>\n<ul>\n<li>Vicente Cu\u00f1at Mart\u00ednez<\/li>\n<\/ul>\n<\/li>\n<li><strong>Tribunal<\/strong>\n<ul>\n<li>Presidente del tribunal: xavier Freixas dargallo <\/li>\n<li>Santiago Carb\u00f3 valverde (vocal)<\/li>\n<li>hans Degryse (vocal)<\/li>\n<li>nuria Rodr\u00edguez planas (vocal)<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tesis doctoral de Garcia Appendini Mar\u00eda Emilia Sta tesis emp\u00edrica investiga algunas razones por las cuales los bancos y los [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center 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