Multiple Versus Single Banking Relationships : Theory And Evidence  

Oleh:

Detragiache, Enrica ; Guiso, Luigi ; Garella, Paolo

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Journal of Finance (EBSCO) vol. 55 no. 3 (2000), page 1133-1162.
Topik: relationships; studies; relationship banking; models; statistical analysis; lending
Fulltext: p 1133.pdf (143.54KB)

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ88.2 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

A theory of the optimal number of banking relationships is developed and tested using matched bank - firm data. According to the theory, relationship banks may be unable to continue profitable projects owing to internal problems and a firm may thus have to refinance from non relationship banks. The latter, however, face an adverse selection problem, as they fo not know the quality of the project, and may refuse to lend. In these circumstances, multiple banking can reduce the probability of an early liquidation of the project. The empirical evidence supports the predictions of the model.

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