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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
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Relationship lending, trust, and SME bank financing in the UK
Degryse, Hans; Matthews, Kent; Zhao, Tianshu - 2021 - (This draft) April 2021
It is well recognized that relationship banking helps to relieve the credit constraints faced by SMEs to access bank finance. Trust is an important part of relationship banking. However, the term trust is nebulous,and relationship banking means different things to different banksand different...
Persistent link: https://www.econbiz.de/10012632147
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SME relationship banking and loan contracting : survey-based evidence from China
Lu, Shun; Glushenkova, Marina; Huang, Wei; Matthews, Kent - 2024
This study explores the impact of relationship banking on the financial constraints and loan conditions of small and medium-sized enterprises (SMEs) in China. Our research contributes to the literature in several ways. First, we examine both the financial costs and loan benefits associated with...
Persistent link: https://www.econbiz.de/10014491201
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Covenant Violations and Dynamic Loan Contracting
Freudenberg, Felix - 2017
in the syndicated loan market. We show that a covenant violation in the prior loan contract provides a signal to … creditors which results in stricter contract terms for the subsequent new loan. This signal is neither related to unobservable … violations in the prior contract, new loans have on average 18bps higher spreads and include more of those covenant types which …
Persistent link: https://www.econbiz.de/10012975614
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A micro data approach to the identification of credit crunches
Rottmann, Horst; Wollmershäuser, Timo - 2010
This paper presents a micro data approach to the identification of credit crunches. Using a survey among German firms which regularly queries the firms' assessment of the current willingness of banks to extend credit we estimate the probability of a restrictive credit supply policy by time...
Persistent link: https://www.econbiz.de/10008653413
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A micro data approach to the identification of credit crunches
Wollmershäuser, Timo; Rottmann, Horst - 2010
This paper presents a micro data approach to the identification of credit crunches. Using a survey among German firms which regularly queries the firms' assessment of the current willingness of banks to extend credit we estimate the probability of a restrictive credit supply policy by time...
Persistent link: https://www.econbiz.de/10009514134
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A Micro Data Aproach to the Identification of Credit Crunches
Rottmann, Horst - 2013
This paper presents a micro data approach to the identification of credit crunches. Using a survey among German firms which regularly queries the firms' assessment of the current willingness of banks to extend credit we estimate the probability of a restrictive credit supply policy by time...
Persistent link: https://www.econbiz.de/10013094402
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Determinants of bank lending performance
Ewert, Ralf; Schenk, Gerald - 1998
During the last years the lending business has come under considerable competitive pressure and bank managers often express concern regarding its profitability vis-a-vis other activities. This paper tries to empirically identify factors that are able to explain the financial performance of bank...
Persistent link: https://www.econbiz.de/10009768846
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The paradox of progress : technological advancements in banking and the dual impact on SME bank borrowing
Hryckiewicz, Aneta; Korosteleva, Julia; Kozłowski, Łukasz - 2024
This study delves into the impact of technological bank innovations on small and medium-sized enterprise (SME) borrowing across the European Union. By analyzing a comprehensive dataset of 179,921 SME-bank lending relationships from 2009 to 2019, we explore the mechanisms through which...
Persistent link: https://www.econbiz.de/10015071855
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Lender forbearance
Bird, Andrew; Ertan, Aytekin; Karolyi, Stephen A.; … - In: Journal of financial and quantitative analysis : JFQA 57 (2022) 1, pp. 207-239
Persistent link: https://www.econbiz.de/10012805781