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

Álvaro García, Andrea Repetto (), Sergio Rodríguez and Rodrigo Valdés

Working Papers Central Bank of Chile from Central Bank of Chile

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-firm 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 with 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: 2003-10
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Related works:
Chapter: Concentration, Hold-up, and Information Revelation in Bank Lending: Evidence From Chilean Firms (2004)
Journal Article: 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:bcchwp:226

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