| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP5049 |
| DP5049 Would Multilateral Trade Reform Benefit Sub-Saharan Africans? | |
| Kym Anderson; Dominique van der Mensbrugghe; Will Martin | |
| 发表日期 | 2005-05-23 |
| 出版年 | 2005 |
| 语种 | 英语 |
| 摘要 | This paper studies the impact of bank mergers on firm-bank lending relationships using information from individual loan contracts in Belgium. We analyse the effects of bank mergers on the probability of borrowers maintaining their lending relationships and on their ability to continue tapping bank credit. The Belgian financial environment reflects a number of interesting features: high banking sector concentration; ?in-market? mergers with large target banks; importance of large banks in providing external finance to SMEs; and low numbers of bank lending relationships maintained by SMEs. We find that bank mergers generate short-term and longer-term effects on borrowers' probability of losing a lending relationship and on credit availability. Mergers also have heterogeneous impacts across borrower types, including borrowers of acquiring and target banks, borrowers of differing size, borrowers with single versus multiple relationships, and borrowers with differing relationship intensities. Firms borrowing from acquiring banks are less likely to lose their lending relationship, while target bank borrowers are more likely to lose their relationship or see their credit availability harmed. Overlap borrowers ? borrowing from two of the merging banks ? are less likely to lose their relationship than firms borrowing from only one of the merging banks or firms borrowing from non-merging banks. |
| 主题 | Financial Economics |
| 关键词 | Bank mergers Bank lending relationships Sme loans |
| URL | https://cepr.org/publications/dp5049 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533946 |
| 推荐引用方式 GB/T 7714 | Kym Anderson,Dominique van der Mensbrugghe,Will Martin. DP5049 Would Multilateral Trade Reform Benefit Sub-Saharan Africans?. 2005. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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