Empirical determinants of relationship lending
نویسندگان
چکیده
منابع مشابه
Understanding 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 کاملDeterminants of Default in P2P Lending
This paper studies P2P lending and the factors explaining loan default. This is an important issue because in P2P lending individual investors bear the credit risk, instead of financial institutions, which are experts in dealing with this risk. P2P lenders suffer a severe problem of information asymmetry, because they are at a disadvantage facing the borrower. For this reason, P2P lending sites...
متن کاملBank 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 کاملCollateral , Default Risk and Relationship Lending : An Empirical Study on Financial
* This is a substantially revised version of the first draft which circulated under the same title. The data set was generated as a part of the Center for Financial Studies' research project on credit management in Ger-many. Tilburg. Of course, we alone are responsible for all remaining errors. Abstract This paper provides new insights into the nature of relationship lending by analyzing the ro...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Cogent Economics & Finance
سال: 2016
ISSN: 2332-2039
DOI: 10.1080/23322039.2016.1163773