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Multiple Banking Relationships : Do SMEs Mistrust Their Banks?

Refait-Alexandre, Catherine - 2016

This article focuses on the use of multiple banking relationships by SMEs, a key issue given their strong dependence on bank financing in a context of increasing financial constraints and higher risk of credit rationing since the crisis. We investigate whether the use of multiple banking...

Persistent link: https://www.econbiz.de/10013001399

The Value of Lending Relationships

Bird, Andrew; Hertzel, Michael G.; Karolyi, Stephen A.; … - 2022

Lending relationships are prevalent in credit markets and are a potentially important driver of bank value, but little is known about the quantitative significance of this source of intangible capital. To estimate the value of these relationships, we develop a model of the lender’s decision to...

Persistent link: https://www.econbiz.de/10013492019

Empirical analysis of credit relationships in small firms financing : sampling design and descriptive statistics

Elsas, Ralf; Henke, Sabine; Machauer, Achim; Rott, Roland; … - 1998

Despite the relevance of credit financing for the profit and risk situation of commercial banks only little empirical evidence on the initial credit decision and monitoring process exists due to the lack of appropriate data on bank debt financing. The present paper provides a systematic overview...

Persistent link: https://www.econbiz.de/10009768277

Innovation and export in SMEs : the role of relationship banking

Frazzoni, Serena; Mancusi, Maria Luisa; Rotondi, Zeno; … - 2014

Medium Enterprises (SME), their probability to export (i.e. the extensive margin) and their share of exports on total sales … impact on both SME's probability to export and their export margins. This positive effect is only marginally mediated by the … SME's increased propensity to introduce product innovation. We further discuss the financial and non-financial channels …

Persistent link: https://www.econbiz.de/10011774346

The Importance of Individual-Pair Lending Relationships

Even-Tov, Omri; Li, Xinlei; Wang, Hui; Williams, … - 2023

In this paper, we examine the significance and uniqueness of individual-pair relationships cultivated through repeated loan interactions. Using a hand-collected dataset compiled of borrowing manager and loan officer information, we find that individual-pair relationship loans are associated with...

Persistent link: https://www.econbiz.de/10014362324

Universal banks and relationships with firms

Elsas, Ralf; Krahnen, Jan Pieter - 2003

Some of the most widely expressed myths about the German financial system are concerned with the close ties and intensive interaction between banks and firms, often described as Hausbank relationships. Links between banks and firms include direct shareholdings, board representation, and proxy...

Persistent link: https://www.econbiz.de/10009765357

Corporate finance and the transmission of shocks to the real economy

Bräuning, Falk; Fillat Comenge, José Luis; Joaquim, … - 2021 - This version: November 2021

Credit availability from different sources varies greatly across firms and has firm-level effects on investment decisions and aggregate effects on output. We develop a theoretical framework in which firms decide endogenously at the extensive and intensive margins of different funding sources to...

Persistent link: https://www.econbiz.de/10012796283

Bank capital requirements, loan guarantees and firm performance

Mayordomo, Sergio; Moreno, Antonio; Ongena, Steven; … - 2019 - This draft: April 12, 2019

This paper studies the effects of the bank capital requirements imposed by the European authorities in October 2011 on loan collateral and personal guarantees usage to enhance capital ratios. We use detailed information on the loan contracts granted by a representative Spanish bank and several...

Persistent link: https://www.econbiz.de/10012051949

SME credit risk analysis using bank lending data : an analysis of Thai SMEs

Yoshino, Naoyuki; Taghizadeh-Hesary, Farhad; … - 2015

development of the SME sector is the lack of stable finance. Considering the bank-dominated characteristic of economies in Asia …

Persistent link: https://www.econbiz.de/10011305386

Psychometrics as a tool to improve screening and access to credit

Arráiz, Irani; Bruhn, Miriam; Stucchi, Rodolfo - 2015

This paper studies the use of psychometric tests, designed by the Entrepreneurial Finance Lab (EFL), as a tool to screen out high credit risk and potentially increase access to credit for small business owners in Peru. We use administrative data covering the period from June 2011 to April 2014...

Persistent link: https://www.econbiz.de/10011485359