Loading...
Please wait, while we are loading the content...
Similar Documents
Differentiated use of small business credit scoring by relationship lenders and transactional lenders: evidence from firm-bank matched data in japan (2011).
| Content Provider | CiteSeerX |
|---|---|
| Author | Ryo, Hasumi Hideaki, Hirata Arito, Ono |
| Abstract | This paper examines the ex-post performance of small and medium-sized enterprises (SMEs) that obtained small business credit scoring (SBCS) loans. Using a unique Japanese firm-bank matched dataset, we identify whether an SME has obtained an SBCS loan and, if so, from which type of bank: a relationship lender or a transactional lender. We find that the ex-post probability of default after the SBCS loan was provided significantly increased for SMEs that obtained an SBCS loan from a transactional lender. We also find that the lending attitude of relationship lenders in the midst of the recent global financial crisis became much more severe if a transactional lender had extended an SBCS loan to a firm. These findings suggest that SBCS loans by a transactional lender are detrimental to a relationship lender’s incentive to monitor SMEs and maintain relationships. In contrast, we do not find such detrimental effects for SBCS loans extended by a relationship lender. |
| File Format | |
| Publisher Date | 2011-01-01 |
| Access Restriction | Open |
| Subject Keyword | Transactional Lender Relationship Lender Sbcs Loan Small Business Credit Scoring Ex-post Performance Detrimental Effect Unique Japanese Firm-bank Matched Dataset Ex-post Probability Lending Attitude Medium-sized Enterprise Recent Global Financial Crisis Relationship Lender Incentive |
| Content Type | Text |
| Resource Type | Article |
