全球智库信息集成服务系统(G2TT): Bank Size and Lending Relationships in Japan

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w13005
来源ID	Working Paper 13005
	Bank Size and Lending Relationships in Japan
	Hirofumi Uchida; Gregory F.Udell; Wako Watanabe
发表日期	2007-04-02
出版年	2007
语种	英语
摘要	Current theoretical and empirical research suggests that small banks have a comparative advantage in processing soft information and delivering relationship lending. The most comprehensive analysis of this view found using U.S. data that smaller SMEs borrow from smaller banks and smaller banks have stronger relationships with their borrowers (Berger, Miller, Petersen, Rajan, and Stein 2005) (BMPRS). We employ essentially the same methodology as BMPRS on a unique Japanese data set and obtained findings that are quite interesting from an international comparison point of view. We found like BMPRS that larger firms tend to borrow from larger banks. However, unlike BMPRS we did not find that this was because larger firms are more transparent. Together these results imply that large banks do not necessarily have a comparative advantage in extending transactions-based lending. We also found like BMPRS that smaller banks have strong relationships with their borrowers. However, we find that banking relationships in the U.S. and Japan are strong in somewhat different dimensions. Our paper clarifies these and other interesting similarities and differences between the U.S. and Japan.
主题	Microeconomics ; Economics of Information ; Financial Economics ; Financial Institutions ; Corporate Finance ; Industrial Organization ; Firm Behavior
URL	https://www.nber.org/papers/w13005
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/570672
推荐引用方式 GB/T 7714	Hirofumi Uchida,Gregory F.Udell,Wako Watanabe. Bank Size and Lending Relationships in Japan. 2007.

条目包含的文件
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w13005.pdf（166KB）	智库出版物		限制开放	CC BY-NC-SA	浏览