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The Resource Long run relationships in banking, Anand Srinivasan

Long run relationships in banking, Anand Srinivasan

Label
Long run relationships in banking
Title
Long run relationships in banking
Statement of responsibility
Anand Srinivasan
Creator
Subject
Language
eng
Summary
This monograph surveys the effects of long-run relationships in banking between corporate borrowers and lenders. The first part of the survey analyzes econometric issues in the measurement of the costs and benefits of such relationships. In particular, we analyze potential issues with commonly used proxies of relationship lending -- duration, scope and intensity. This analysis, as well as studies that have access to internal bank records, suggest that intensity (fraction of the total lending of a borrower by a given bank) would be a better measure of relationship lending, relative to duration. This analysis also suggests that accounting for endogeneity of relationships and simultaneity of loan contract terms does not qualitatively impact the results of earlier literature. Papers with the ability to circumvent several of the econometric issues are discussed in detail. The second part of this monograph is similar to a standard review where papers relating to hold-up costs, multiple banking relationships, impact of competition on relationship banking, and measurement of soft information in banking are covered.--
Assigning source
Provided by Publisher
Cataloging source
YDXCP
http://library.link/vocab/creatorName
Srinivasan, Anand
Illustrations
illustrations
Index
index present
Literary form
non fiction
Nature of contents
bibliography
Series statement
Foundations and Trends in Finance,
Series volume
volume 8, issue 2
http://library.link/vocab/subjectName
  • Relationship banking
  • Corporations
Label
Long run relationships in banking, Anand Srinivasan
Instantiates
Publication
Distribution
Bibliography note
  • Includes bibliographical references (pages 133-143)
  • Includes bibliographical references (pages 81-91)
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier.
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent.
Contents
  • 2. Brief review of theoretical arguments -- 2.1 Why do long-run relationships exist? -- 2.2 Liability structure of the bank and relationship banking
  • 3. Empirical evidence -- 3.1 Event studies -- 3.2 Bank mergers -- 3.3 Cross-sectional tests of relationship lending effects -- 3.4 Bank profitability -- 3.5 Discussion of the contradiction of the results in the literature
  • 4. Econometric issues in measuring the effects of relationship lending -- 4.1 Implicit assumptions in the use of relationship proxies -- 4.2 Bias on account of sample selection -- 4.3 Approaches to deal with some of the statistical issues -- 4.4 Approaches to account for endogeneity of relationships -- 4.5 Simultaneity of loan contract terms -- 4.6 Direct evidence on ways by which relationships add value
  • 5. Relationship banking and switching costs -- 5.1 Evidence using firm's ex-ante choice of single versus multiple banks -- 5.2 Evidence using the duration of the relationship and likelihood of continuation -- 5.3 Evidence using quasi-natural experiments -- 5.4 Why would borrowers continue in relationships with hold-up?
  • 6. Multiple banking relationships -- 6.1 Diversification as a motive for multiple banking relationships -- 6.2 Endogenizing monitoring costs of engaging in multiple banking relationships
  • 7. Relationship banking and competition -- 7.1 Later theoretical developments -- 7.2 Indirect empirical evidence -- 7.3 Direct evidence -- 7.4 Competition due to changes in information environment
  • 8. Soft information in relationship banking -- 8.1 Soft information and bank type -- 8.2 Disadvantage to soft information via decentralized bank -- 8.3 Soft information and collateral -- 8.4 Soft information's impact on the loan process
  • 9. Conclusion and directions for future research -- References
Control code
FIEb17784530
Dimensions
24 cm.
Extent
x, 91 pages
Isbn
9781601988621
Media category
unmediated
Media MARC source
rdamedia.
Media type code
  • n
Other physical details
illustrations
System control number
(OCoLC)894470018
Label
Long run relationships in banking, Anand Srinivasan
Publication
Distribution
Bibliography note
  • Includes bibliographical references (pages 133-143)
  • Includes bibliographical references (pages 81-91)
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier.
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent.
Contents
  • 2. Brief review of theoretical arguments -- 2.1 Why do long-run relationships exist? -- 2.2 Liability structure of the bank and relationship banking
  • 3. Empirical evidence -- 3.1 Event studies -- 3.2 Bank mergers -- 3.3 Cross-sectional tests of relationship lending effects -- 3.4 Bank profitability -- 3.5 Discussion of the contradiction of the results in the literature
  • 4. Econometric issues in measuring the effects of relationship lending -- 4.1 Implicit assumptions in the use of relationship proxies -- 4.2 Bias on account of sample selection -- 4.3 Approaches to deal with some of the statistical issues -- 4.4 Approaches to account for endogeneity of relationships -- 4.5 Simultaneity of loan contract terms -- 4.6 Direct evidence on ways by which relationships add value
  • 5. Relationship banking and switching costs -- 5.1 Evidence using firm's ex-ante choice of single versus multiple banks -- 5.2 Evidence using the duration of the relationship and likelihood of continuation -- 5.3 Evidence using quasi-natural experiments -- 5.4 Why would borrowers continue in relationships with hold-up?
  • 6. Multiple banking relationships -- 6.1 Diversification as a motive for multiple banking relationships -- 6.2 Endogenizing monitoring costs of engaging in multiple banking relationships
  • 7. Relationship banking and competition -- 7.1 Later theoretical developments -- 7.2 Indirect empirical evidence -- 7.3 Direct evidence -- 7.4 Competition due to changes in information environment
  • 8. Soft information in relationship banking -- 8.1 Soft information and bank type -- 8.2 Disadvantage to soft information via decentralized bank -- 8.3 Soft information and collateral -- 8.4 Soft information's impact on the loan process
  • 9. Conclusion and directions for future research -- References
Control code
FIEb17784530
Dimensions
24 cm.
Extent
x, 91 pages
Isbn
9781601988621
Media category
unmediated
Media MARC source
rdamedia.
Media type code
  • n
Other physical details
illustrations
System control number
(OCoLC)894470018

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