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Effects of the New Capital Requirements of Basel III on the Financing of Small and Medium-sized Enterprises in Austria

Author

Listed:
  • Franz R. Hahn

    (WIFO)

  • Werner Hölzl

    (WIFO)

Abstract

Due to their very limited access to the capital market bank financing is of outstanding importance for small and medium-sized companies. Often, however, the latter can only barely provide the collateral corresponding to the enhanced capital requirements for financial institutions (Basel III). As a rule their capital base is significantly weaker than that of larger companies. Therefore, small companies are likely to be particularly affected by the anticipated tightening of credit owing to Basel III.

Suggested Citation

  • Franz R. Hahn & Werner Hölzl, 2012. "Effects of the New Capital Requirements of Basel III on the Financing of Small and Medium-sized Enterprises in Austria," Austrian Economic Quarterly, WIFO, vol. 17(3), pages 168-186, August.
    • Handle: RePEc:wfo:wquart:y:2012:i:3:p:168-186
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    References listed on IDEAS

    as
    1. Franz Hahn, 2007. "Domestic mergers in the Austrian banking sector: a performance analysis," Applied Financial Economics, Taylor & Francis Journals, vol. 17(3), pages 185-196.
    2. Franz R. Hahn, 2010. "Risk-Taking and Solvency Regulation in Banking – A Note –," Credit and Capital Markets, Credit and Capital Markets, vol. 43(3), pages 339-347.
    3. Franz R. Hahn, 2002. "The Effects of Bank Capital on Bank Credit Creation. Panel Evidence from Austria," WIFO Working Papers 188, WIFO.
    4. Franz R. Hahn, 2003. "The New Basel Capital Accord (Basel II) from a Macroeconomic Point of View," Austrian Economic Quarterly, WIFO, vol. 8(2), pages 51-63, June.
    5. Marsch, Katharina & Schmieder, Christian & Forster-van Aerssen, Katrin, 2007. "Banking consolidation and small businessfinance: empirical evidence for Germany," Discussion Paper Series 2: Banking and Financial Studies 2007,09, Deutsche Bundesbank.
    6. Egger, Peter & Hahn, Franz R., 2010. "Endogenous bank mergers and their impact on banking performance: Some evidence from Austria," International Journal of Industrial Organization, Elsevier, vol. 28(2), pages 155-166, March.
    7. Mathias Dewatripont & Jean Tirole, 1994. "The prudential regulation of banks," ULB Institutional Repository 2013/9539, ULB -- Universite Libre de Bruxelles.
    8. Werner Hölzl & Serguei Kaniovski & Andreas Reinstaller, 2015. "The exposure of technology and knowledge intense sectors to the business cycle," Bulletin of Applied Economics, Risk Market Journals, vol. 2(1), pages 1-19.
    9. Patrick Slovik & Boris Cournède, 2011. "Macroeconomic Impact of Basel III," OECD Economics Department Working Papers 844, OECD Publishing.
    10. Yongjin, Park, 2008. "Parsimonious Lenders: Bank Concentration and Credit Availability to Small Businesses," MPRA Paper 9266, University Library of Munich, Germany.
    11. Yuzo Honda, 2002. "The effects of the Basle accord on bank credit: the case of Japan," Applied Economics, Taylor & Francis Journals, vol. 34(10), pages 1233-1239.
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