کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
960606 | 929508 | 2007 | 52 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
So what do I get? The bank's view of lending relationships
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کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
مدیریت، کسب و کار و حسابداری
حسابداری
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چکیده انگلیسی
While many empirical studies document borrower benefits of lending relationships, less is known about lender benefits. A relationship lender's informational advantage over a non-relationship lender may generate a higher probability of selling information-sensitive products to its borrowers. Our results show that the probability of a relationship lender providing a future loan is 42%, while for a non-relationship lender, this probability is 3%. Consistent with theory, we find that borrowers with greater information asymmetries are significantly likely to obtain future loans from their relationship lenders. Relationship lenders are likely to be chosen to provide debt/equity underwriting services, but this effect is economically small.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Financial Economics - Volume 85, Issue 2, August 2007, Pages 368-419
Journal: Journal of Financial Economics - Volume 85, Issue 2, August 2007, Pages 368-419
نویسندگان
Sreedhar Bharath, Sandeep Dahiya, Anthony Saunders, Anand Srinivasan,