메뉴 건너뛰기




Volumn 35, Issue 8, 2011, Pages 2169-2178

How do lending relationships affect access to credit and loan conditions in microlending?

Author keywords

Access to credit; Information asymmetries; Lending relationships; Loan conditions; Microlending

Indexed keywords


EID: 79957585245     PISSN: 03784266     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jbankfin.2011.01.005     Document Type: Article
Times cited : (82)

References (39)
  • 1
    • 77953865614 scopus 로고    scopus 로고
    • Distance and information asymmetries in lending
    • Agarwal S., Hauswald R. Distance and information asymmetries in lending. Review of Financial Studies 2010, 23:2757-2788.
    • (2010) Review of Financial Studies , vol.23 , pp. 2757-2788
    • Agarwal, S.1    Hauswald, R.2
  • 2
    • 58149385973 scopus 로고    scopus 로고
    • Banking services for everyone? Barriers to bank access and use around the world
    • Beck T., Demirgüç-Kunt A., Martinez Peria M. Banking services for everyone? Barriers to bank access and use around the world. World Bank Economic Review 2008, 22:397-430.
    • (2008) World Bank Economic Review , vol.22 , pp. 397-430
    • Beck, T.1    Demirgüç-Kunt, A.2    Martinez Peria, M.3
  • 3
    • 77956913683 scopus 로고    scopus 로고
    • Does gender matter in bank-firm relationships? Evidence from small business lending
    • Bellucci A., Borisov A., Zazzaro A. Does gender matter in bank-firm relationships? Evidence from small business lending. Journal of Banking and Finance 2010, 34:2968-2984.
    • (2010) Journal of Banking and Finance , vol.34 , pp. 2968-2984
    • Bellucci, A.1    Borisov, A.2    Zazzaro, A.3
  • 4
    • 78651448698 scopus 로고    scopus 로고
    • Bank size, lending technologies, and small business finance
    • Berger A.N., Black L.K. Bank size, lending technologies, and small business finance. Journal of Banking and Finance 2011, 35:724-735.
    • (2011) Journal of Banking and Finance , vol.35 , pp. 724-735
    • Berger, A.N.1    Black, L.K.2
  • 5
    • 0038127300 scopus 로고
    • Relationship lending and lines of credit in small firm finance
    • Berger A.N., Udell G.F. Relationship lending and lines of credit in small firm finance. Journal of Business 1995, 68:351-381.
    • (1995) Journal of Business , vol.68 , pp. 351-381
    • Berger, A.N.1    Udell, G.F.2
  • 6
    • 33750012864 scopus 로고    scopus 로고
    • A more complete conceptual framework for SME finance
    • Berger A.N., Udell G.F. A more complete conceptual framework for SME finance. Journal of Banking and Finance 2006, 30:2945-2966.
    • (2006) Journal of Banking and Finance , vol.30 , pp. 2945-2966
    • Berger, A.N.1    Udell, G.F.2
  • 7
    • 0001209480 scopus 로고
    • Collateral and rationing: sorting equilibria in monopolistic and competitive credit markets
    • Besanko D., Thakor A.V. Collateral and rationing: sorting equilibria in monopolistic and competitive credit markets. International Economic Review 1987, 28:671-689.
    • (1987) International Economic Review , vol.28 , pp. 671-689
    • Besanko, D.1    Thakor, A.V.2
  • 8
    • 84981865845 scopus 로고
    • Screening vs. rationing in credit markets with imperfect information
    • Bester H. Screening vs. rationing in credit markets with imperfect information. American Economic Review 1985, 75:850-855.
    • (1985) American Economic Review , vol.75 , pp. 850-855
    • Bester, H.1
  • 9
    • 21344478309 scopus 로고
    • The role of collateral in a model of debt renegotiation
    • Bester H. The role of collateral in a model of debt renegotiation. Journal of Money, Credit and Banking 1994, 26:72-86.
    • (1994) Journal of Money, Credit and Banking , vol.26 , pp. 72-86
    • Bester, H.1
  • 11
    • 0042352668 scopus 로고    scopus 로고
    • Short-term loans and long-term relationships: relationship lending in Early America
    • Bodenhorn H. Short-term loans and long-term relationships: relationship lending in Early America. Journal of Money, Credit and Banking 2003, 35:485-505.
    • (2003) Journal of Money, Credit and Banking , vol.35 , pp. 485-505
    • Bodenhorn, H.1
  • 12
    • 21444444859 scopus 로고
    • Moral hazard and secured lending in an infinitely repeated credit market game
    • Boot A.W., Thakor A.V. Moral hazard and secured lending in an infinitely repeated credit market game. International Economic Review 1994, 35:899-920.
    • (1994) International Economic Review , vol.35 , pp. 899-920
    • Boot, A.W.1    Thakor, A.V.2
  • 13
    • 34250364615 scopus 로고    scopus 로고
    • Evidence of jointness in the terms of relationship lending
    • Brick I.E., Palia D. Evidence of jointness in the terms of relationship lending. Journal of Financial Intermediation 2007, 16:452-476.
    • (2007) Journal of Financial Intermediation , vol.16 , pp. 452-476
    • Brick, I.E.1    Palia, D.2
  • 14
    • 0002881625 scopus 로고    scopus 로고
    • The importance of relationships to the availability of credit
    • Cole R.A. The importance of relationships to the availability of credit. Journal of Banking and Finance 1998, 22:959-977.
    • (1998) Journal of Banking and Finance , vol.22 , pp. 959-977
    • Cole, R.A.1
  • 17
    • 0002812128 scopus 로고    scopus 로고
    • Relationship lending within a bank-based system: evidence from European small business data
    • Degryse H., Van Cayseele P. Relationship lending within a bank-based system: evidence from European small business data. Journal of Financial Intermediation 2000, 9:90-109.
    • (2000) Journal of Financial Intermediation , vol.9 , pp. 90-109
    • Degryse, H.1    Van Cayseele, P.2
  • 18
    • 84935413182 scopus 로고
    • Monitoring and reputation: the choice between bank loans and directly placed debt
    • Diamond D.W. Monitoring and reputation: the choice between bank loans and directly placed debt. Journal of Political Economy 1991, 99:689-721.
    • (1991) Journal of Political Economy , vol.99 , pp. 689-721
    • Diamond, D.W.1
  • 19
    • 11444266001 scopus 로고    scopus 로고
    • Empirical determinants of relationship lending
    • Elsas R. Empirical determinants of relationship lending. Journal of Financial Intermediation 2005, 14:32-57.
    • (2005) Journal of Financial Intermediation , vol.14 , pp. 32-57
    • Elsas, R.1
  • 20
    • 0001533965 scopus 로고    scopus 로고
    • Is relationship lending special? Evidence from credit-file data in Germany
    • Elsas R., Krahnen J.P. Is relationship lending special? Evidence from credit-file data in Germany. Journal of Banking and Finance 1998, 22:1283-1316.
    • (1998) Journal of Banking and Finance , vol.22 , pp. 1283-1316
    • Elsas, R.1    Krahnen, J.P.2
  • 21
    • 84974465990 scopus 로고
    • Consistent covariance matrix estimation with cross-sectional dependence and heteroskedasticity in financial data
    • Froot K.A. Consistent covariance matrix estimation with cross-sectional dependence and heteroskedasticity in financial data. Journal of Financial and Quantitative Analysis 1989, 24:333-355.
    • (1989) Journal of Financial and Quantitative Analysis , vol.24 , pp. 333-355
    • Froot, K.A.1
  • 22
    • 58149170598 scopus 로고    scopus 로고
    • Recovery rates of commercial lending: empirical evidence from German companies
    • Grunert J., Weber M. Recovery rates of commercial lending: empirical evidence from German companies. Journal of Banking and Finance 2009, 33:505-513.
    • (2009) Journal of Banking and Finance , vol.33 , pp. 505-513
    • Grunert, J.1    Weber, M.2
  • 23
    • 56549094455 scopus 로고    scopus 로고
    • Are good or bad borrowers discouraged from applying for loans? Evidence from US small business credit markets
    • Han L., Fraser S., Storey D.J. Are good or bad borrowers discouraged from applying for loans? Evidence from US small business credit markets. Journal of Banking and Finance 2009, 33:415-424.
    • (2009) Journal of Banking and Finance , vol.33 , pp. 415-424
    • Han, L.1    Fraser, S.2    Storey, D.J.3
  • 25
    • 43949091835 scopus 로고    scopus 로고
    • Opacity of young businesses: evidence from rating disagreements
    • Hyytinen A., Pajarinen M. Opacity of young businesses: evidence from rating disagreements. Journal of Banking and Finance 2008, 32:1234-1241.
    • (2008) Journal of Banking and Finance , vol.32 , pp. 1234-1241
    • Hyytinen, A.1    Pajarinen, M.2
  • 26
    • 77957122924 scopus 로고    scopus 로고
    • 'Time for a change': loan conditions and bank behavior when firms switch banks
    • Ioannidou V.P., Ongena S. 'Time for a change': loan conditions and bank behavior when firms switch banks. Journal of Finance 2010, 65:1847-1878.
    • (2010) Journal of Finance , vol.65 , pp. 1847-1878
    • Ioannidou, V.P.1    Ongena, S.2
  • 27
    • 3242881061 scopus 로고    scopus 로고
    • Collateral, type of lender and relationship banking as eeterminants of credit risk
    • Jiménez G., Saurina J. Collateral, type of lender and relationship banking as eeterminants of credit risk. Journal of Banking and Finance 2004, 28:2191-2212.
    • (2004) Journal of Banking and Finance , vol.28 , pp. 2191-2212
    • Jiménez, G.1    Saurina, J.2
  • 28
    • 56549119025 scopus 로고    scopus 로고
    • Organizational distance and use of collateral for business loans
    • Jiménez G., Salas V., Saurina J. Organizational distance and use of collateral for business loans. Journal of Banking and Finance 2009, 33:234-243.
    • (2009) Journal of Banking and Finance , vol.33 , pp. 234-243
    • Jiménez, G.1    Salas, V.2    Saurina, J.3
  • 29
    • 79951550176 scopus 로고    scopus 로고
    • Information verifiability, bank organization, bank competition and bank-borrower relationships
    • Kano M., Uchida H., Udell G.F., Watanabe W. Information verifiability, bank organization, bank competition and bank-borrower relationships. Journal of Banking and Finance 2011, 35:935-954.
    • (2011) Journal of Banking and Finance , vol.35 , pp. 935-954
    • Kano, M.1    Uchida, H.2    Udell, G.F.3    Watanabe, W.4
  • 30
    • 79957625164 scopus 로고    scopus 로고
    • Credit Rationing in Small Business Bank Relationships. Working Paper, University of Mannheim.
    • Kirschenmann, K., 2010. Credit Rationing in Small Business Bank Relationships. Working Paper, University of Mannheim.
    • (2010)
    • Kirschenmann, K.1
  • 31
    • 79957618915 scopus 로고    scopus 로고
    • The Relation between Borrower Risk and Loan Maturity in Small Business Lending. Working Paper, University of Mannheim.
    • Kirschenmann, K., Norden, L., 2008. The Relation between Borrower Risk and Loan Maturity in Small Business Lending. Working Paper, University of Mannheim.
    • (2008)
    • Kirschenmann, K.1    Norden, L.2
  • 32
    • 0000927941 scopus 로고    scopus 로고
    • Information asymmetry, monitoring, and the placement structure of corporate debt
    • Krishnaswami S., Spindt P.A., Subramaniam V. Information asymmetry, monitoring, and the placement structure of corporate debt. Journal of Financial Economics 1999, 51:407-434.
    • (1999) Journal of Financial Economics , vol.51 , pp. 407-434
    • Krishnaswami, S.1    Spindt, P.A.2    Subramaniam, V.3
  • 35
    • 84993914974 scopus 로고
    • The benefits of lending relationships: evidence from small business data
    • Petersen M.A., Rajan R.G. The benefits of lending relationships: evidence from small business data. Journal of Finance 1994, 49:3-37.
    • (1994) Journal of Finance , vol.49 , pp. 3-37
    • Petersen, M.A.1    Rajan, R.G.2
  • 36
    • 84862244566 scopus 로고
    • The effect of credit market competition on lending relationships
    • Petersen M.A., Rajan R.G. The effect of credit market competition on lending relationships. Quarterly Journal of Economics 1995, 110:407-443.
    • (1995) Quarterly Journal of Economics , vol.110 , pp. 407-443
    • Petersen, M.A.1    Rajan, R.G.2
  • 37
    • 84993869749 scopus 로고
    • Covenants and collateral as incentive to monitor
    • Rajan R., Winton A. Covenants and collateral as incentive to monitor. Journal of Finance 1995, 50:1113-1146.
    • (1995) Journal of Finance , vol.50 , pp. 1113-1146
    • Rajan, R.1    Winton, A.2
  • 38
    • 84977733424 scopus 로고
    • Asymmetric information, bank lending and implicit contracts: a stylized model of customer relationships
    • Sharpe S.A. Asymmetric information, bank lending and implicit contracts: a stylized model of customer relationships. Journal of Finance 1990, 45:1069-1087.
    • (1990) Journal of Finance , vol.45 , pp. 1069-1087
    • Sharpe, S.A.1
  • 39
    • 0000342340 scopus 로고
    • Credit rationing in markets with imperfect information
    • Stiglitz J.E., Weiss A. Credit rationing in markets with imperfect information. American Economic Review 1981, 71:393-410.
    • (1981) American Economic Review , vol.71 , pp. 393-410
    • Stiglitz, J.E.1    Weiss, A.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.