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 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.
Author: | Ralf Elsas, Jan Pieter KrahnenORCiDGND |
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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: | Universitätsbibliothek Johann Christian Senckenberg |
Release Date: | 2005/05/27 |
Tag: | credit volume; housebanks; loan price determination; relationship lending |
GND Keyword: | Bankkredit; Preispolitik; Deutschland; Kreditgewährung; Kreditpolitik; Hausbank |
Issue: | draft: February 24, 1998 |
Page Number: | 40 |
Last Page: | 40 |
HeBIS-PPN: | 195579682 |
Institutes: | Wissenschaftliche Zentren und koordinierte Programme / Center for Financial Studies (CFS) |
Dewey Decimal Classification: | 3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft |
JEL-Classification: | C Mathematical and Quantitative Methods / C3 Multiple or Simultaneous Equation Models / C31 Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions (Updated!) |
C Mathematical and Quantitative Methods / C3 Multiple or Simultaneous Equation Models / C33 Models with Panel Data | |
Licence (German): | Deutsches Urheberrecht |