What Determines the Number of Bank Relationships? Cross-Country Evidence

By Steven R. G. Ongena, David C. Smith. 2000

624 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/1294b68a69722545886fb22df062b0b0c51a7247

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Citations in the corpus

Competition and Relationship Lending: Friends or Foes? (2011, positive): “Since economic and local ﬁnancial development has proved to be highly correlated in Italy (Lucchetti et al. , 2001; Guiso et al. , 2004a), the introduction of V ALUE ADDED allows us to identify the true eﬀect of the credit market structure on relationship lending.”
To what extent will the banking industry be globalized? A study of bank nationality and reach in 20 European nations (2002, positive): “The survey asks corporations to identify the banks used by their foreign affiliates for cash management 3 See Ongena and Smith (2000) for a detailed description of the survey.”
Multiple Lenders and Corporate Distress: Evidence on Debt Restructuring (2008, positive): “For large public companies from 22 countries, Ongena and Smith (2000) find the average number of bank relationships to vary from 2.9 in Norway to 15.2 in Italy.”
'Lending by Example': Direct and Indirect Effects of Foreign Banks in Emerging Markets (2012, positive): “…is potentially an endogenous choice yet one that is often considered to precede actual bank selection (Detragiache, Garella and Guiso (2000), Ongena and Smith (2000)) and is used as a control when exploring other aspects of bank relationships (see, for instance, Mian (2006a), Petersen and…”
Bank Loans, Bonds, and Information Monopolies Across the Business Cycle (2008, positive): “For further references, see the surveys by Boot (2000) and Ongena and Smith (2000).”
Relationship Banking, Fragility, and the Asset-Liability Matching Problem (2007, background): “Apart from the relationship banking literature [e.g., Berger and Udell (1995), Boot (2000), Degryse and Van Cayseele (2000), Ongena and Smith (2000) , and Slovin et al. (1993)], the two articles most complementary to ours are Berlin and Mester (1999) and Kashyap et al. (2002).”
The Response of Firms' Investment and Financing to Adverse Cash Flow Shocks: The Role of Bank Relationships (2006, positive): “15 Suzuki and Wright (1985) argue that in Japan keiretsu members benefit from rescue operations from banks of the group that reduce their bankruptcy risk.”
Rules versus discretion in loan rate setting (2010, positive): “…information provides a more precise and reliable indicator of its creditworthiness.11 Third, large firms are more likely to engage multiple creditors, ex ante assuaging potential liquidity and holdup problems (Detragiache, Garella and Guiso (2000), von Thadden (1992), Ongena and Smith (2000)).”
How Laws and Institutions Shape Financial Contracts: The Case of Bank Loans (2007, positive): “Consistent with the findings of Ongena and Smith (2000), we find that the concentration of loan ownership is higher, that is, the number of lenders is lower, in countries with better protection of creditor rights (Table II, columns 1 and 2).”
Bank Bias in Europe: Effects on Systemic Risk and Growth (2015, neutral): “In a sample of 1,079 firms in 22 European countries, only 14.5% of firms had borrowed from a single bank and another 18.8% had borrowed from two banks (Ongena and Smith, 2000).”
Transmission channels of systemic risk and contagion in the European financial network (2015, neutral): “…on credit panics and bank runs departed from the traditional risk diversification framework (James 1991) and examined extreme interconnectedness (Ongena and Smith 2000; Caballero and Simsek 2013 inter alia ) and ways to improve the stability of the financial system during turmoil periods…”