Is relationship lending special? : Evidence from credit-file data in Germany

The German financial market is often characterized as a bank-based system with strong bank-customer relationships. The corresponding notion of a housebank is closely related to the theoretical idea of relationship lendin
The German financial market is often characterized as a bank-based system with strong bank-customer relationships. The corresponding notion of a housebank is closely related to the theoretical idea of relationship lending. It is the objective of this paper to provide a direct comparison between housebanks and "normal" banks as to their credit policy. Therefore, we analyze a new data set, representing a random sample of borrowers drawn from the credit portfolios of five leading German banks over a period of five years. We use credit-file data rather than industry survey data and, thus, focus the analysis on information that is directly related to actual credit decisions. In particular, we use bank-internal borrower rating data to evaluate borrower quality, and the bank's own assessment of its housebank status to control for information-intensive relationships.
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Metadaten
Author:Ralf Elsas, Jan Pieter Krahnen
URN:urn:nbn:de:hebis:30-9306
URL:https://www.ifk-cfs.de/873.html
Parent Title (German):Institut für Kapitalmarktforschung (Frankfurt am Main): CFS working paper series ; Nr. [19]98,05
Series (Serial Number):CFS working paper series (1998, 05)
Publisher:Inst. für Kapitalmarktforschung
Place of publication:Frankfurt am Main
Document Type:Working Paper
Language:English
Year of Completion:1998
Year of first Publication:1998
Publishing Institution:Univ.-Bibliothek Frankfurt am Main
Release Date:2005/05/27
Tag:credit volume; housebanks ; loan price determination ; relationship lending
SWD-Keyword:Bankkredit; Deutschland; Hausbank; Kreditgewährung; Kreditpolitik; Preispolitik
Issue:draft: February 24, 1998
Pagenumber:40
Last Page:40
HeBIS PPN:195579682
Institutes:Center for Financial Studies (CFS)
Dewey Decimal Classification:330 Wirtschaft
JEL-Classification:C31 Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions (Updated!)
C33 Models with Panel Data
G21 Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
Sammlungen:Universitätspublikationen
Licence (German):License Logo Veröffentlichungsvertrag für Publikationen

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