The impact of competition on bank orientation

被引：169

作者：

Degryse, Hans

Ongena, Steven

机构：

[1] Tilburg Univ, CentER, NL-5000 LE Tilburg, Netherlands

[2] CEPR, NL-5000 LE Tilburg, Netherlands

[3] TILEC, NL-5000 LE Tilburg, Netherlands

[4] Katholieke Univ Leuven, NL-5000 LE Tilburg, Netherlands

来源：

JOURNAL OF FINANCIAL INTERMEDIATION | 2007年 / 16卷 / 03期

关键词：

bank orientation; bank industry specialization; competition; lending relationships;

D O I：

10.1016/j.jfi.2007.03.002

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

How do banks react to increased competition? Recent banking theory significantly disagrees regarding the impact of competition on bank orientation-i.e., the choice of relationship-based versus transactional banking. We empirically investigate the impact of interbank competition on bank branch orientation. We employ a unique data set containing detailed information on bank-firm relationships. We find that bank branches facing stiff local competition engage considerably more in relationship-based lending. Our results illustrate that competition and relationships are not necessarily inimical. (c) 2007 Elsevier Inc. All rights reserved.

引用

页码：399 / 424

页数：26

共 71 条

[1] Relationships, competition and the structure of investment banking markets [J].