Concentration, Hold-Up, and Information Revelation in Bank Lending: Evidence From Chilean Firms

Alvaro García M., Andrea Repetto (), Sergio Rodríguez E. and Rodrigo Valdés

Journal Economía Chilena (The Chilean Economy), 2003, vol. 6, issue 3, 27-44

Abstract: In this paper we empirically study bank-client relationships using a sample of Chilean manufacturing firms. We examine whether concentration and the duration of bank-client relationships affect the volume of bank lending. Our results indicate that lower concentration, measured by the number of banks a firm borrows from, is associated ith a large and positive effect on borrowing. The length of borrower-lender relationships has a positive—although not always statistically significant—effect on the amount borrowed.

Date: 2003
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Related works:
Chapter: Concentration, Hold-up, and Information Revelation in Bank Lending: Evidence From Chilean Firms (2004)
Working Paper: Concentration, Hold-Up and Information Revelation in Bank Lending: Evidence From Chilean Firms (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:chb:bcchec:v:6:y:2003:i:3:p:27-44

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