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Analysis of the Use of Financial Services by Companies in Mexico: What does the 2009 Economic Census tell us?

Author

Listed:
  • Mariana A. Toran
  • F. Javier Morales
  • Sara G. Castellanos

Abstract

In this article, we present a descriptive analysis of the results of the 2009 Economic Census regarding the use of bank credit and accounts by productive entities (companies). To this end, INEGI was requested to prepare a set of statistics regarding various company characteristics that are relevant to the decisions made by institutions offering banking services. Upon request, this information was grouped according to the different business segments we defined based on their access to credit and/or use of banking services, in order to determine the size of the market for financial services like credit or bank accounts (checking, savings or investment). Also upon request, the information was provided in segments according to the stratum of employed personnel to establish 4 company sizes: Micro (0 to 10 employees), Small (11 to 50 employees), Medium (51 to 250 employees) and Large (251 or more employees). The information above enabled the size of the market for credit and attracting customers to be established in 2008 Mexico and to identify the materiality of the phenomena of \"voluntary rationing\" and \"involuntary rationing\" (Stiglitz and Weiss, 1981). As a result of involuntary rationing, in that year, a potential credit market of approximately 1.5 million companies and a potential market for bank accounts of 1.1 million were established. Involuntary rationing is a phenomenon that mostly impacts smaller companies and is more pronounced in the context of the use of bank accounts than in that of credit.

Suggested Citation

  • Mariana A. Toran & F. Javier Morales & Sara G. Castellanos, 2012. "Analysis of the Use of Financial Services by Companies in Mexico: What does the 2009 Economic Census tell us?," Working Papers 1216, BBVA Bank, Economic Research Department.
  • Handle: RePEc:bbv:wpaper:1216
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    References listed on IDEAS

    as
    1. Bruhn, Miriam, 2013. "A tale of two species: Revisiting the effect of registration reform on informal business owners in Mexico," Journal of Development Economics, Elsevier, vol. 103(C), pages 275-283.
    2. Stiglitz, Joseph E & Weiss, Andrew, 1981. "Credit Rationing in Markets with Imperfect Information," American Economic Review, American Economic Association, vol. 71(3), pages 393-410, June.
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    Cited by:

    1. Angel de la Fuente, 2013. "La evolución de la financiación de las comunidades autónomas de régimen común, 2002-2011," UFAE and IAE Working Papers 937.13, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
    2. Angel De la Fuente, 2012. "Algunas propuestas para la reforma del sistema de financiacion de las comunidades autonomas de regimen comun," Working Papers 1227, BBVA Bank, Economic Research Department.
    3. Tatiana Alonso & Javier Alonso & Santiago Fernandez de Lis & Cristina Rohde & David Tuesta, 2013. "Global Financial Regulatory Trends and Challenges for Insurance and Pensions," Working Papers 1321, BBVA Bank, Economic Research Department.
    4. Santiago Fernandez de Lis & Saifeddine Chaibi & Jose Felix Izquierdo & Felix Lores & Ana Rubio & Jaime Zurita, 2013. "Some international trends in the regulation of mortgage markets: Implications for Spain," Working Papers 1317, BBVA Bank, Economic Research Department.
    5. Angel De la Fuente, 2009. "A Mixed Splicing Procedure for Economic Time Series," CESifo Working Paper Series 2876, CESifo Group Munich.
    6. Jonas E. Arias & Juan Rubio-Ramirez & Daniel F. Waggoner, 2013. "Inference Based on SVARs Identied with Sign and Zero Restrictions: Theory and Applications," Working Papers 2013-24, FEDEA.
    7. Angel de la Fuente & Rafael Domènech, 2012. "Educational Attainment in the OECD, 1960-2010," Working Papers 658, Barcelona Graduate School of Economics.
    8. Ángel de la Fuente, 2012. "El sistema de financiación regional: la liquidación de 2010 y algunas reflexiones sobre la reciente reforma," Hacienda Pública Española, IEF, vol. 202(4), pages 121-138, December.
    9. Javier Alonso & David Tuesta & Diego Torres Torres & Begona Villamide, 2013. "Projections of dynamic generational tables and longevity risk in Chile," Working Papers 1315, BBVA Bank, Economic Research Department.
    10. Rafael Domenech, 2012. "Las perspectivas de la economia espanola en 2012," Working Papers 1217, BBVA Bank, Economic Research Department.
    11. Ángel de la Fuente, 2013. "Las finanzas autonómicas en boom y en crisis (2003-12)," Hacienda Pública Española, IEF, vol. 205(2), pages 127-150, June.
    12. Javier Alonso & Maria Lamuedra & David Tuesta, 2013. "Potentiality of reverse mortgages to supplement pension: the case of Chile," Working Papers 1311, BBVA Bank, Economic Research Department.
    13. Angel De la Fuente, 2013. "La financiacion de las comunidades autonomas de regimen comun en 2011," Working Papers 1330, BBVA Bank, Economic Research Department.
    14. Amparo Castello Climent & Rafael Domenech, 2014. "Capital and Income Inequality: Some Facts and Some Puzzles (Update of WP 12/28 published in October 2012)," Working Papers 1228, BBVA Bank, Economic Research Department.
    15. Luis J. Carranza & Angel Melguizo & David Tuesta, 2012. "Aportaciones compartidas para pensiones en Colombia, Mexico y Peru: Experiencias y perspectivas," Working Papers 1234, BBVA Bank, Economic Research Department.
    16. Santiago Fernandez de Lis & Adriana Haring & Gloria Sorensen & David Tuesta & Alfonso Ugarte, 2012. "Banking penetration in Uruguay," Working Papers 1308, BBVA Bank, Economic Research Department.
    17. Angel De la Fuente, 2012. "Series enlazadas de empleo y VAB para Espana, 1955-2010," Working Papers 1225, BBVA Bank, Economic Research Department.
    18. Javier Alonso & Tatiana Alonso & Santiago Fernandez de Lis & Cristina Rohde & David Tuesta, 2013. "Tendencias regulatorias financieras globales y retos para las Pensiones y Seguros," Working Papers 1323, BBVA Bank, Economic Research Department.
    19. Angel De la Fuente, 2012. "Series enlazadas de los principales agregados nacionales de la EPA, 1964-2009," Working Papers 1221, BBVA Bank, Economic Research Department.
    20. Alicia Garcia-Herrero & Le Xia, 2013. "China s RMB Bilateral Swap Agreements: What explains the choice of countries?," Working Papers 1318, BBVA Bank, Economic Research Department.
    21. Angel De la Fuente, 2013. "La evolucion de la financiacion de las comunidades autonomas de regimen comun, 2002-2010," Working Papers 1310, BBVA Bank, Economic Research Department.
    22. KC Fung & Alicia Garcia-Herrero & Mario Nigrinis Ospina, 2013. "Latin American Commodity Export Concentration: Is There a China Effect?," Working Papers 1306, BBVA Bank, Economic Research Department.
    23. repec:bbv:wpaper:1223 is not listed on IDEAS

    More about this item

    Keywords

    Mexico; bank credit to firms; use of bank accounts among firms; micro small and medium enterprises; voluntary and involuntary rationing in financial markets;

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements

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