کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
961164 929797 2006 22 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Lending relationships in line-of-credit and nonline-of-credit loans: Evidence from collateral use in small business
موضوعات مرتبط
علوم انسانی و اجتماعی مدیریت، کسب و کار و حسابداری استراتژی و مدیریت استراتژیک
پیش نمایش صفحه اول مقاله
Lending relationships in line-of-credit and nonline-of-credit loans: Evidence from collateral use in small business
چکیده انگلیسی
Lender-borrower relationships facilitate monitoring in small business loans. We investigate how the duration and scope of the bank-borrower relationship affect the decision to secure line-of-credit and nonline-of-credit loans. We find that the likelihood of collateralizing a line of credit decreases with the length of the bank-borrower relationship. For nonline-of-credit loans, however, the incidence of collateral pledge decreases with the number of lender-provided financial services used by the borrower. Our finding indicates that the mechanism through which banks obtain private information depends on the type of the loan. Pooling across loan types may dilute the impact of both the duration and scope on the terms of a loan.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Financial Intermediation - Volume 15, Issue 1, January 2006, Pages 86-107
نویسندگان
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