Afectación de la concentración bancaria en el acceso al financiamiento de las microempresas informales en el ecuador en el 2009.

Abstract

Among the main problems for the growth and development of informal microenterprises are the lack of liquidity to finance operations and investments, and access to credit. This study seeks to determine the influence of banking concentration on access to financing for informal microenterprises in Ecuador. Two types of formal and informal financing are distinguished, it is understood as formal financing if the resources are obtained from financial institutions regulated by the Superintendence of Banks, and it is understood as informal financing if the resources are obtained from entities that are not regulated by the Superintendence of Banks. Banks. For the estimation of the model, a multinomial probit was used due to the nature of the dependent variable, which is an unordered discrete variable. The results show that the degree of banking concentration does influence access to formal and informal credit. A high degree of banking concentration causes access to informal credit to tend to increase, because banks with greater market power become more selective. At the same time, banking concentration means that access to formal credit tends to decrease due to the complexity of the requirements.