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.

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Author:Ralf Elsas, Jan Pieter KrahnenORCiDGND
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
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
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):License LogoDeutsches Urheberrecht