The Number of Bank Relationships and Bank Lending to New Firms: Evidence from firm-level data in Japan
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- N. Berger, Allen & F. Udell, Gregory, 1998.
"The economics of small business finance: The roles of private equity and debt markets in the financial growth cycle,"
Journal of Banking & Finance, Elsevier, vol. 22(6-8), pages 613-673, August.
- Allen N. Berger & Gregory F. Udell, 1998. "The economics of small business finance: the roles of private equity and debt markets in the financial growth cycle," Finance and Economics Discussion Series 1998-15, Board of Governors of the Federal Reserve System (U.S.).
- Hans Degryse & Steven Ongena, 2001.
"Bank Relationships and Firm Profitability,"
Financial Management, Financial Management Association, vol. 30(1), Spring.
- Degryse, H.A. & Ongena, S., 2000. "Bank Relationship and Firm Profitability," Other publications TiSEM 30c809d0-5953-4269-94d5-0, Tilburg University, School of Economics and Management.
- Degryse, H.A. & Ongena, S., 2000. "Bank Relationship and Firm Profitability," Discussion Paper 2000-14, Tilburg University, Center for Economic Research.
- Foglia, A. & Laviola, S. & Marullo Reedtz, P., 1998. "Multiple banking relationships and the fragility of corporate borrowers," Journal of Banking & Finance, Elsevier, vol. 22(10-11), pages 1441-1456, October.
- Carletti, Elena & Cerasi, Vittoria & Daltung, Sonja, 2007.
"Multiple-bank lending: Diversification and free-riding in monitoring,"
Journal of Financial Intermediation, Elsevier, vol. 16(3), pages 425-451, July.
- Carletti, Elena & Cerasi, Vittoria & Daltung, Sonja, 2004. "Multiple-bank lending : diversification and free-riding in monitoring," Papers 04-15, Sonderforschungsbreich 504.
- Carletti, Elena & Cerasi, Vittoria & Daltung, Sonja, 2004. "Multiple-bank lending: diversification and free-riding in monitoring," LSE Research Online Documents on Economics 24702, London School of Economics and Political Science, LSE Library.
- Sonja Daltung & Vittoria Cerasi & Elena Carletti, 2004. "Multiple-bank lending: diversification and free-riding in monitoring," FMG Discussion Papers dp490, Financial Markets Group.
- Carletti, Elena & Cerasi, Vittoria & Daltung, Sonja, 2004. "Multiple-bank lending: diversification and free-riding in monitoring," Sonderforschungsbereich 504 Publications 04-15, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
- Cerasi, Vittoria & Daltung, Sonja, 2004. "Multiple-bank lending: Diversification and free-riding in monitoring," CFS Working Paper Series 2004/18, Center for Financial Studies (CFS).
- Carletti, Elena & Cerasi, Vittoria & Daltung, Sonja, 2004. "Multiple-Bank Lending: Diversification and Free-Riding in Monitoring," Working Paper Series 165, Sveriges Riksbank (Central Bank of Sweden).
- Yuta Ogane, 2016. "Banking relationship numbers and new business bankruptcies," Small Business Economics, Springer, vol. 46(2), pages 169-185, February.
- Rajan, Raghuram G, 1992. "Insiders and Outsiders: The Choice between Informed and Arm's-Length Debt," Journal of Finance, American Finance Association, vol. 47(4), pages 1367-1400, September.
- Robert Hauswald & Robert Marquez, 2006. "Competition and Strategic Information Acquisition in Credit Markets," The Review of Financial Studies, Society for Financial Studies, vol. 19(3), pages 967-1000.
- Enrica Detragiache & Paolo Garella & Luigi Guiso, 2000. "Multiple versus Single Banking Relationships: Theory and Evidence," Journal of Finance, American Finance Association, vol. 55(3), pages 1133-1161, June.
- Beck, Thorsten & Demirguc-Kunt, Asli & Maksimovic, Vojislav, 2004.
"Bank Competition and Access to Finance: International Evidence,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 36(3), pages 627-648, June.
- Thorsten Beck & Asli Demirgüč-Kunt & Vojislav Maksimovic, 2004. "Bank competition and access to finance: international evidence," Proceedings, Federal Reserve Bank of Cleveland, pages 627-654.
- Bolton, Patrick & Scharfstein, David S, 1996. "Optimal Debt Structure and the Number of Creditors," Journal of Political Economy, University of Chicago Press, vol. 104(1), pages 1-25, February.
- Mitchell A. Petersen & Raghuram G. Rajan, 1995.
"The Effect of Credit Market Competition on Lending Relationships,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 110(2), pages 407-443.
- Mitchell A. Petersen & Raghuram G. Rajan, 1994. "The Effect of Credit Market Competition on Lending Relationships," NBER Working Papers 4921, National Bureau of Economic Research, Inc.
- Yuta Ogane, 2016. "Banking relationship numbers and new business bankruptcies," Small Business Economics, Springer, vol. 46(2), pages 169-185, February.
- Petersen, Mitchell A & Rajan, Raghuram G, 1994. "The Benefits of Lending Relationships: Evidence from Small Business Data," Journal of Finance, American Finance Association, vol. 49(1), pages 3-37, March.
- Annalisa Castelli & Gerald P. Dwyer & Iftekhar Hasan, 2012.
"Bank Relationships and Firms' Financial Performance: The Italian Experience,"
European Financial Management, European Financial Management Association, vol. 18(1), pages 28-67, January.
- Castelli, Annalisa & Dwyer, Gerald P. & Hasan, Iftekhar, 2009. "Bank relationships and firms' financial performance: the Italian experience," Bank of Finland Research Discussion Papers 36/2009, Bank of Finland.
- Luigi Guiso & Raoul Minetti, 2010.
"The Structure of Multiple Credit Relationships: Evidence from U.S. Firms,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 42(6), pages 1037-1071, September.
- Luigi Guiso & Raoul Minetti, 2010. "The Structure of Multiple Credit Relationships: Evidence from U.S. Firms," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 42(6), pages 1037-1071, September.
- Luigi Guiso & Raoul Minetti, 2007. "The Structure of Multiple Credit Relationships: Evidence from US Firms," Economics Working Papers ECO2007/46, European University Institute.
- Antje Brunner & Jan Pieter Krahnen, 2008.
"Multiple Lenders and Corporate Distress: Evidence on Debt Restructuring,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 75(2), pages 415-442.
- Krahnen, Jan-Pieter & Brunner, Antje, 2004. "Multiple Lenders and Corporate Distress: Evidence on Debt Restructuring," CEPR Discussion Papers 4287, C.E.P.R. Discussion Papers.
- Brunner, Antje & Krahnen, Jan Pieter, 2006. "Multiple lenders and corporate distress: Evidence on debt restructuring," CFS Working Paper Series 2001/04, Center for Financial Studies (CFS).
- Ongena, Steven & Smith, David C., 2000. "What Determines the Number of Bank Relationships? Cross-Country Evidence," Journal of Financial Intermediation, Elsevier, vol. 9(1), pages 26-56, January.
- M. Dewatripont & E. Maskin, 1995.
"Credit and Efficiency in Centralized and Decentralized Economies,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 62(4), pages 541-555.
- Mathias Dewatripont & Eric Maskin, 1995. "Credit and efficiency in centralized and decentralized economies," ULB Institutional Repository 2013/9603, ULB -- Universite Libre de Bruxelles.
- Mathias Dewatripont & Eric Maskin, 2004. "Credit and efficiency in centralized and decentralized economies," ULB Institutional Repository 2013/9605, ULB -- Universite Libre de Bruxelles.
- Annalisa Castelli & Gerald P. Dwyer & Iftekhar Hasan, 2006. "Bank relationships and small firms’ financial performance," FRB Atlanta Working Paper 2006-05, Federal Reserve Bank of Atlanta.
- Diamond, Douglas W, 1989.
"Reputation Acquisition in Debt Markets,"
Journal of Political Economy, University of Chicago Press, vol. 97(4), pages 828-862, August.
- Douglas W. Diamond, 1998. "Reputation Acquisition in Debt Markets," Levine's Working Paper Archive 602, David K. Levine.
- Ogura, Yoshiaki, 2012. "Lending competition and credit availability for new firms: Empirical study with the price cost margin in regional loan markets," Journal of Banking & Finance, Elsevier, vol. 36(6), pages 1822-1838.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Ogane, Yuta, 2023. "The number of bank relationships and bank lending to informationally opaque SMEs," Pacific-Basin Finance Journal, Elsevier, vol. 80(C).
- Yuta Ogane, 2016. "Banking relationship numbers and new business bankruptcies," Small Business Economics, Springer, vol. 46(2), pages 169-185, February.
- Antje Brunner & Jan Pieter Krahnen, 2013.
"Hold-up in multiple banking: evidence from SME lending,"
International Journal of Banking, Accounting and Finance, Inderscience Enterprises Ltd, vol. 5(1/2), pages 78-101.
- Brunner, Antje & Krahnen, Jan Pieter, 2010. "Hold-up in multiple banking: Evidence from SME lending," CFS Working Paper Series 2010/07, Center for Financial Studies (CFS).
- Refait-Alexandre, Catherine & Serve, Stéphanie, 2020.
"Multiple banking relationships: Do SMEs mistrust their banks?,"
Research in International Business and Finance, Elsevier, vol. 51(C).
- Catherine Refait-Alexandre & Stéphanie Serve, 2015. "« Multiple banking relationships: do SMEs mistrust their banks? »," Post-Print hal-01450968, HAL.
- Catherine Refait-Alexandre & Stéphanie Serve, 2017. "« Multiple banking relationships: do SMEs mistrust their banks? »," Post-Print hal-01556460, HAL.
- Catherine Refait-Alexandre & Stéphanie Serve, 2020. "Multiple banking relationships: do SMEs mistrust their banks?," Post-Print hal-03141969, HAL.
- Catherine Refait-Alexandre & Stéphanie Serve, 2016. "Multiple banking relationships: do SMEs mistrust their banks?," Working Papers 2016-02, CRESE.
- Catherine Refait-Alexandre & Stéphanie Serve, 2016. "Multiple Banking Relationships: Do SMEs Mistrust Their Banks?," Working Papers hal-01376901, HAL.
- Berger, Allen N. & Klapper, Leora F. & Martinez Peria, Maria Soledad & Zaidi, Rida, 2008.
"Bank ownership type and banking relationships,"
Journal of Financial Intermediation, Elsevier, vol. 17(1), pages 37-62, January.
- Berger, Allen N. & Klapper,Leora & Martinez Peria,Maria Soledad & Zaidi, Rida & Berger, Allen N. & Klapper, Leora F. & Martinez Peria,Maria Soledad & Zaidi, Rida, 2006. "Bank ownership type and banking relationships," Policy Research Working Paper Series 3862, The World Bank.
- Doris Neuberger & Solvig Räthke, 2009. "Microenterprises and multiple bank relationships: The case of professionals," Small Business Economics, Springer, vol. 32(2), pages 207-229, February.
- Tlili, Rim, 2012. "Comment justifier la multibancarité au sein des PME ?," Economics Thesis from University Paris Dauphine, Paris Dauphine University, number 123456789/10919 edited by Etner, François.
- Ongena, Steven & Tümer-Alkan, Günseli & Westernhagen, Natalja v., 2012.
"Creditor concentration: An empirical investigation,"
European Economic Review, Elsevier, vol. 56(4), pages 830-847.
- Ongena, Steven & Tümer-Alkan, Günseli & von Westernhagen, Natalja, 2007. "Creditor concentration: an empirical investigation," Discussion Paper Series 2: Banking and Financial Studies 2007,15, Deutsche Bundesbank.
- Alessandro Gambini & Alberto Zazzaro, 2013.
"Long-lasting bank relationships and growth of firms,"
Small Business Economics, Springer, vol. 40(4), pages 977-1007, May.
- Alessandro Gambini & Alberto Zazzaro, 2010. "Long-Lasting Bank Relationships and Growth of Firms," CESifo Working Paper Series 3106, CESifo.
- Kazuo Ogawa & Elmer Sterken & Ichiro Tokutsu, 2005. "Bank Control and the Number of Bank Relations of Japanese Firms," CESifo Working Paper Series 1589, CESifo.
- Diana Bonfim & Qinglei Dai, 2009. "The Number of Bank Relationships, Borrowing Costs and Bank Competition," Working Papers w200912, Banco de Portugal, Economics and Research Department.
- Ginés Hernández-Cánovas & Pedro Martínez-Solano, 2007. "Effect of the Number of Banking Relationships on Credit Availability: Evidence from Panel Data of Spanish Small Firms," Small Business Economics, Springer, vol. 28(1), pages 37-53, January.
- Gorton, Gary & Winton, Andrew, 2003.
"Financial intermediation,"
Handbook of the Economics of Finance, in: G.M. Constantinides & M. Harris & R. M. Stulz (ed.), Handbook of the Economics of Finance, edition 1, volume 1, chapter 8, pages 431-552,
Elsevier.
- Gary Gorton & Andrew Winton, 2002. "Financial Intermediation," NBER Working Papers 8928, National Bureau of Economic Research, Inc.
- Gary Gorton & Andrew Winton, 2002. "Financial Intermediation," Center for Financial Institutions Working Papers 02-28, Wharton School Center for Financial Institutions, University of Pennsylvania.
- Carletti, Elena, 2004.
"The structure of bank relationships, endogenous monitoring, and loan rates,"
Journal of Financial Intermediation, Elsevier, vol. 13(1), pages 58-86, January.
- Carletti, Elena, 2003. "The Structure of Bank Relationships, Endogenous Monitoring and Loan Rates," Sonderforschungsbereich 504 Publications 03-12, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
- Vigneron, Ludovic & Hajj Chehade, Hiba, 2013. "Structuration du pool bancaire de la PME : une revue de la littérature [Structuring SMEs' banks relationships: a review]," MPRA Paper 50498, University Library of Munich, Germany.
- Hans Degryse & Steven Ongena, 2002.
"Bank-Firm Relationships and International Banking Markets,"
International Journal of the Economics of Business, Taylor & Francis Journals, vol. 9(3), pages 401-417.
- Degryse, H.A. & Ongena, S., 2002. "Bank-firm relationships and international banking markets," Other publications TiSEM fbb391d2-a9f9-4b49-a0f5-1, Tilburg University, School of Economics and Management.
- Steven Ongena & Yuejuan Yu, 2017. "Firm Industry Affiliation and Multiple Bank Relationships," Journal of Financial Services Research, Springer;Western Finance Association, vol. 51(1), pages 1-17, February.
- Cenni, Stefano & Monferrà, Stefano & Salotti, Valentina & Sangiorgi, Marco & Torluccio, Giuseppe, 2015. "Credit rationing and relationship lending. Does firm size matter?," Journal of Banking & Finance, Elsevier, vol. 53(C), pages 249-265.
- Bonfim, Diana & Dai, Qinglei & Franco, Francesco, 2018. "The number of bank relationships and borrowing costs: The role of information asymmetries," Journal of Empirical Finance, Elsevier, vol. 46(C), pages 191-209.
- Tumer-Alkan, G., 2008. "Essays on banking," Other publications TiSEM 8d5ec521-4702-4e75-bc79-a, Tilburg University, School of Economics and Management.
More about this item
NEP fields
This paper has been announced in the following NEP Reports:- NEP-BAN-2017-10-01 (Banking)
- NEP-BEC-2017-10-01 (Business Economics)
- NEP-CFN-2017-10-01 (Corporate Finance)
- NEP-ENT-2017-10-01 (Entrepreneurship)
- NEP-SBM-2017-10-01 (Small Business Management)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eti:dpaper:17112. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: TANIMOTO, Toko (email available below). General contact details of provider: https://edirc.repec.org/data/rietijp.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.