| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w8848 |
| 来源ID | Working Paper 8848 |
| Related Lending | |
| Rafael La Porta; Florencio Lopez-de-Silane; Guillermo Zamarripa | |
| 发表日期 | 2002-03-21 |
| 出版年 | 2002 |
| 语种 | 英语 |
| 摘要 | In many countries, banks lend to firms controlled by the bank?s owners. We examine the benefits of related lending using a newly assembled dataset for Mexico. Related lending is prevalent (20% of commercial loans) and takes place on better terms than arm?s-length lending (annual interest rates are 4 percentage points lower). Related loans are 33% more likely to default and, when they do, have lower recovery rates (30% less) than unrelated ones. The evidence supports the view that rather than enhance information sharing, related lending is a manifestation of looting. |
| 主题 | Financial Economics ; Corporate Finance |
| URL | https://www.nber.org/papers/w8848 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/566455 |
| 推荐引用方式 GB/T 7714 | Rafael La Porta,Florencio Lopez-de-Silane,Guillermo Zamarripa. Related Lending. 2002. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w8848.pdf（187KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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