Lending technologies in Italy: an example of hardening soft information?

Pierluigi Murro

Rivista Bancaria - Minerva Bancaria, 2010, issue 4

Abstract: We study the firm-main bank relationship in a large sample of Italy's manufacturing enterprises. Our results show that the same firm tends to receive credit via different lending technologies. This complementarity across technologies may have an information basis, because the use of soft information is crucial for each lending technology. This supports the hardening-of-soft-information view, whereby also transactional lenders might somehow use difficult to codify qualitative information - traditionally believed a prerogative of relational banks - on borrowing enterprises.

Keywords: Lending technology; Transactional lending; Relationship lending and Small-and-medium sized enterprises (search for similar items in EconPapers)
JEL-codes: G21 L14 L22 (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (5)

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