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SME's lending and Islamic finance. Is it a 'win-win' situation?

机译：中小企业的贷款和伊斯兰金融。这是“双赢”的局面吗？

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摘要

Information asymmetry is a common feature that hinders lending to small and medium enterprises (SMEs). In the last decade, the growth in Islamic banks lending to SMEs was overwhelming to the extent that it prompted practitioners to regard this as a "win-win" situation. Unlike a conventional bank that mainly resorts to relationship banking to SMEs, an Islamic bank uses a Murabaha contract that creates a "collateral by-contract" to the borrower. Such distinct lending approaches by the two types of banks have an implication on banks' cost curves that arise from differences in monitoring cost. In this article, we develop a two-stage competition model to investigate the growth in SMEs lending by Islamic banks. In our theoretical model Islamic and conventional banks compete with prices at the first stage (Bertrand framework) and with loan output at the second stage (Cournot framework). Our results reveal that in price competition an Islamic bank will gain market share initially due to its differentiated product. However, in the second stage, the amount of lending to SMEs by Islamic banks decreases due to market share competition. (c) 2016 Elsevier B.V. All rights reserved.
机译：信息不对称是阻碍向中小企业贷款的普遍特征。在过去的十年中，向中小型企业提供贷款的伊斯兰银行的增长势不可挡，这促使从业者将其视为“双赢”的局面。与传统的银行主要依靠中小企业的关系银行不同，伊斯兰银行使用Murabaha合同，该合同为借款人创建了“抵押附带合同”。两种银行的这种不同的借贷方式对银行的成本曲线有影响，这是由于监控成本的差异而产生的。在本文中，我们开发了一个两阶段竞争模型来调查伊斯兰银行借贷的中小企业的增长。在我们的理论模型中，伊斯兰银行和传统银行在第一阶段（Bertrand框架）与价格竞争，在第二阶段（古诺框架）与贷款产出竞争。我们的结果表明，在价格竞争中，一家伊斯兰银行将因其差异化产品而最初获得市场份额。但是，在第二阶段，由于市场份额的竞争，伊斯兰银行向中小型企业的贷款额减少了。 （c）2016 Elsevier B.V.保留所有权利。

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  • 来源
    《Economic modelling》 |2016年第6期|1-5|共5页
  • 作者

    Shaban Mohamed; Duygun Meryem; Fry John;

  • 作者单位

    Univ Sheffield, Sch Management, Conduit Rd, Sheffield S10 1FL, S Yorkshire, England;

    Univ Hull, Sch Business, Kingston Upon Hull HU6 7RX, N Humberside, England;

    Sheffield Hallam Univ, Sheffield Business Sch, City Campus Howard St, Sheffield S1 1WB, S Yorkshire, England;

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  • 原文格式 PDF
  • 正文语种 eng
  • 中图分类
  • 关键词

    Islamic finance; Banking; SMEs;

    机译：伊斯兰金融;银行;中小企业;

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