Credit Rationing, Customer Relationship and the Number of Banks: an Empirical Analysis

Eric de Bodt, Frédéric Lobez and Jean‐christophe Statnik
Additional contact information
Eric de Bodt: ESA - Ecole Supérieure des Affaires de l'Université Lille 2 - Université de Lille, Droit et Santé, IAG-FIN - IAG-FIN - UCL - Université Catholique de Louvain = Catholic University of Louvain
Frédéric Lobez: LSMRC - Lille School of Management Research Center - ULR 4112 - SKEMA Business School - Université de Lille

Post-Print from HAL

Abstract: Abstract The recent important transformations of the banking sector, especially through numerous mergers and acquisitions, both in Europe and in the USA, have raised serious concerns for the financing of small businesses (SBS). Indeed, SBS are known to be heavily dependent of this financing channel but to be rather opaque. It has long been thought that banks classically solved this problem by developing long term customer relationships. But will the new large banks, born from the current restructuring process, be able to continue to play this role? If not, what strategy should SBS develop to compose their bank pool in order to avoid, as much as possible, credit rationing? These questions are at the heart of our analysis. We show that there is no unique rule: all depends on the degree of SBS opacity and the kind of bank the SBS are working with .

Date: 2005-03-18
References: Add references at CitEc
Citations:

Published in European Financial Management, 2005, 11 (2), pp.195-228. ⟨10.1111/j.1354-7798.2005.00282.x⟩

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04410331

DOI: 10.1111/j.1354-7798.2005.00282.x

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().