Ogura, Yoshiaki and Yamori, Nobuyoshi (2009): Lending Competition and Relationship Banking: Evidence from Japan.
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Abstract
The question of whether more competition among banks increases relationship banking, which is predicted to improve credit availability for informationally opaque firms in theory, is a controversial issue in the banking literature. By using firm-level survey data in Japan, this paper provides evidence for the negative correlation between lending competition and the provision of relationship banking . This paper raises the question whether fierce interbank competition is always beneficial for small firms.
Item Type: | MPRA Paper |
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Original Title: | Lending Competition and Relationship Banking: Evidence from Japan |
Language: | English |
Keywords: | relationship banking, lending competition |
Subjects: | L - Industrial Organization > L1 - Market Structure, Firm Strategy, and Market Performance > L11 - Production, Pricing, and Market Structure ; Size Distribution of Firms D - Microeconomics > D8 - Information, Knowledge, and Uncertainty > D82 - Asymmetric and Private Information ; Mechanism Design G - Financial Economics > G2 - Financial Institutions and Services > G21 - Banks ; Depository Institutions ; Micro Finance Institutions ; Mortgages |
Item ID: | 16707 |
Depositing User: | Nobuyoshi Yamori |
Date Deposited: | 10 Aug 2009 10:51 |
Last Modified: | 07 Oct 2019 17:27 |
References: | Boot, A., and Thakor, A. (2000). “Can Relationship Banking Survive Competition?” Journal of Finance 55, pp.679-713. Degryse, H., and Ongena, S. (2007). “The Impact of Competition on Bank Orientation,” Journal of Financial Intermediation 16, pp.399-424. Dell’Ariccia, G., and Marquez, R. (2004). “Information and Bank Credit Allocation,” Journal of Financial Economics 72, pp.185-214. Dinç, S. (2000). “Bank Reputation, Bank Commitment, and the Effects of Competition in Credit Markets,” Review of Financial Studies 13, pp.781-812. Elsas, R. (2005). “Empirical Determinants of Relationship Banking,” Journal of Financial Intermediation 14, pp.32-57. Hauswald, R., and Marquez, R. (2006). “Competition and Strategic Information Acquisition in Credit Markets,” Review of Financial Studies 19, pp.967-1000. Ishikawa, D., and Tsutsui, Y. (2006). “Has the Credit Crunch Occurred in Japan in the 1990s?” RIETI Discussion Paper Series 06-E-012, Research Institute of Economy, Trade, and Industry, Japan. Montoriol-Garriga, J. (2005). “Relationship Lending: Does the Number of Banks Matter? Evidence from the U.S.,” Universitat Pompeu Fabra, Barcelona, mimeo. Petersen, M., and Rajan, R. (1995). “The Effect of Credit Market Competition on Lending Relationships,” Quarterly Journal of Economics 110, pp.406-443. Yafeh, Y., and Yosha, O. (2001). “Industrial Organization of Financial Systems and Strategic Use of Relationship Banking,” European Finance Review 5, pp.63-78. |
URI: | https://mpra.ub.uni-muenchen.de/id/eprint/16707 |
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