The benefits of relationship banking: Evidence from small business financing in Finland

被引：0

作者：

Peltoniemi J. ^{[1
]}

机构：

[1] Department of Accounting and Finance, Faculty of Economics and Business Administration, University of Oulu, 90014 Oulu

来源：

Journal of Financial Services Research | 2007年 / 31卷 / 2-3期

关键词：

Collateral; Loan pricing; Relationship banking; Relationship lending; Small business finance;

D O I：

10.1007/s10693-007-0009-0

中图分类号：

学科分类号：

摘要：

Using unique small business credit-file data from a major Finnish bank, I analyze how relationship characteristics are associated with loan interest rates. Data includes the effective loan rate and variables that describe the duration and scope of relationship, collateralization, firm characteristics, bank's internal risk rating, and loan characteristics. The results show that longer duration tends to lower the cost of credit and that a long-term bank/firm relationship is beneficial especially to high-risk firms. As the relationship matures, the loan premiums for high-risk firms decrease at higher rate than for low-risk firms. © 2007 Springer Science+Business Media, LLC.

引用

页码：153 / 171

页数：18

共 31 条

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