Can Relationship Banking Survive Competition ?  

Oleh:

Thakor, Anjan V. ; Boot, Arnoud W. A.

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Journal of Finance (EBSCO) vol. 55 no. 2 (2000), page 679-714.
Topik: relationships; relationship banking; bank loans; competition; capital market; studies
Fulltext: p 679.pdf (566.68KB)

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ88.1 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

How will banks evolve as competition increases form other banks and from the capital market ? Will banks become more like capital market underwiters and offer passive transaction loans or return to their roots as relationship lending exports ? These are the question we address. Our key result is that as interbank competition increases, banks make more relationship loans, but each has lower added value for borrowers. Capital market competition reduces relationship lending (and bank lending shrinks), but each relationship loan has greater added value for borrowers. In both cases, welfare increases for some borrowers but not necessarily for all.

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