منابع مشابه
Bank Deposits and Relationship Lending∗
I study the role of deposit accounts in bank-firm lending relationships, using a dataset with detailed information about all Norwegian firms’ bank deposit and loan account balances. I show that firms are more likely to increase borrowing from a bank where they hold deposit accounts, and less likely to end the lending relationship. In regressions with both firm and bank fixed effects, I find tha...
متن کاملUnderstanding SME Finance: Determinants of Relationship Lending
Much of the existing literature in small and medium-sized enterprise (SME) finance surveys the impact of borrower and lender characteristics on firms’ credit availability, and it has already been established that there is a positive link between the strength of firm-bank relationship and the level of credit availability. In this paper, I focus on what determines the strength of relationship, me...
متن کاملRelationship lending – empirical evidence for Germany
Relationship lending is a common practice in credit financing all over the world, particularly in Germany. On the basis of a comprehensive data set comprising information on firm-bank relationships for more than 16,000 observations, this study analyses the determinants of relationship lending in Germany. We find that small, young and R&D-intensive firms tend to choose relationship lending. Furt...
متن کاملDebt Maturity and Relationship Lending: An Analysis of European SMEs
This paper examines the association between bank debt maturity and relationship lending using a unique survey sample of 3,366 SMEs from 19 European countries. The knowledge of how the institutional environment shapes relationship lending helps us to understand how current institutional changes, such as Basel II, might affect the SME-bank relationship and hence, SME access to financing. Our resu...
متن کاملThe Effect of Relationship Lending on Loan Contract Terms
This paper investigates the effect of relationship-lending on loan contract terms, especially on the interest rate, loan value, and collateral requirements. For this purpose, data on 4850 loans granted by a bank in 2016 is employed. Our estimations show a negative and significant relationship between the interest rate and quality and quantity of borrower-lender relationship. Furthermore, there ...
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ژورنال
عنوان ژورنال: Review of Financial Studies
سال: 1999
ISSN: 0893-9454,1465-7368
DOI: 10.1093/revfin/12.3.0579