This file is part of IDEAS , which uses RePEc data
[ Papers |
Articles |
Software |
Books |
Chapters |
Authors |
Institutions |
JEL Classification |
NEP reports |
Search |
New papers by email |
Author registration |
Rankings |
Volunteers |
FAQ |
Blog |
Help! ]
Bank orientation and industry specialization Author info | Abstract | Publisher info | Download info | Related research | Statistics Hans Degryse
Steven Ongena
Additional information is available for the following
registered author(s):
How do banks react to increased interbank competition? Recent banking theory offers conflicting predictions about the impact of competition on bank orientation - i.e., the choice of relationship based versus transactional banking - and bank industry specialization. We empirically investigate the impact of interbank competition on bank branch orientation and specialization. We employ a unique data set containing detailed information on bank-firm relationships and industry classification. We find that bank branches facing stiff local competition engage relatively more in relationship-based lending but specialize somewhat less in a particular industry. Our results illustrate that competition and relationships are not necessarily inimical.
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page . Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
Article provided by Federal Reserve Bank of Chicago in its journal Proceedings .
Volume (Year): (2004)
Issue (Month): May ()
Pages: 412-427
Download reference. The following formats are available: HTML
(with abstract ),
plain text
(with abstract ),
BibTeX ,
RIS (EndNote, RefMan, ProCite),
ReDIF
Handle: RePEc:fip:fedhpr:y:2004:i:may:p:412-427Contact details of provider: Postal: P.O. Box 834, 230 South LaSalle Street, Chicago, Illinois 60690-0834 Phone: 312/322-5111 Fax: 312/322-5515 Email: Web page: http://www.chicagofed.org/ More information through EDIRC
Order Information: Email:
For technical questions regarding this item, or to correct its listing, contact: (Diane Rosenberger).
Keywords: Banking market ; Bank loans ; Bank competition ; References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.:
Hannan, Timothy H., 1991.
"Bank commercial loan markets and the role of market structure: evidence from surveys of commercial lending ,"
Journal of Banking & Finance ,
Elsevier, vol. 15(1), pages 133-149, February.
[Downloadable!] (restricted)
Cole, Rebel A., 1998.
"The importance of relationships to the availability of credit ,"
Journal of Banking & Finance ,
Elsevier, vol. 22(6-8), pages 959-977, August.
[Downloadable!] (restricted)
Caminal, Ramon & Matutes, Carmen, 2002.
"Market power and banking failures ,"
International Journal of Industrial Organization ,
Elsevier, vol. 20(9), pages 1341-1361, November.
[Downloadable!] (restricted)
Steinherr, A. & Huveneers, Ch., 1994.
"On the performance of differently regulated financial institutions: Some empirical evidence ,"
Journal of Banking & Finance ,
Elsevier, vol. 18(2), pages 271-306, January.
[Downloadable!] (restricted)
Evans, William N & Kessides, Ioannis N, 1994.
"Living by the "Golden Rule": Multimarket Contact in the U.S. Airline Industry ,"
The Quarterly Journal of Economics ,
MIT Press, vol. 109(2), pages 341-66, May.
[Downloadable!] (restricted)
Monika Schnitzer, 1999.
"On the Role of Bank Competition for Corporate Finance and Corporate Control in Transition Economies ,"
Journal of Institutional and Theoretical Economics (JITE) ,
Mohr Siebeck, Tübingen, vol. 155(1), pages 22-, March.
Other versions: Farinha, Luisa A. & Santos, Joao A. C., 2002.
"Switching from Single to Multiple Bank Lending Relationships: Determinants and Implications ,"
Journal of Financial Intermediation ,
Elsevier, vol. 11(2), pages 124-151, April.
[Downloadable!] (restricted)
Other versions: Steven Pilloff, 1999.
"Multimarket Contact in Banking ,"
Review of Industrial Organization ,
Springer, vol. 14(2), pages 163-182, March.
[Downloadable!] (restricted)
Mayer, Colin, 1988.
"New issues in corporate finance ,"
European Economic Review ,
Elsevier, vol. 32(5), pages 1167-1183, June.
[Downloadable!] (restricted)
Other versions: Stanton, Kenneth R., 2002.
"Trends in relationship lending and factors affecting relationship lending efficiency ,"
Journal of Banking & Finance ,
Elsevier, vol. 26(1), pages 127-152, January.
[Downloadable!] (restricted)
Ongena, Steven & Smith, David C., 2000.
"What Determines the Number of Bank Relationships? Cross-Country Evidence ,"
Journal of Financial Intermediation ,
Elsevier, vol. 9(1), pages 26-56, January.
[Downloadable!] (restricted)
Steven C. Salop, 1979.
"Monopolistic Competition with Outside Goods ,"
Bell Journal of Economics ,
The RAND Corporation, vol. 10(1), pages 141-156, Spring.
[Downloadable!] (restricted)
Mitchell A. Petersen & Raghuram G. Rajan, 2002.
"Does Distance Still Matter? The Information Revolution in Small Business Lending ,"
Journal of Finance ,
American Finance Association, vol. 57(6), pages 2533-2570, December.
[Downloadable!] (restricted)
Other versions: Sussman, Oren & Zeira, Joseph, 1995.
"Banking and Development ,"
CEPR Discussion Papers
1127, C.E.P.R. Discussion Papers.
[Downloadable!] (restricted)
Scott, John T, 1982.
"Multimarket Contact and Economic Performance ,"
The Review of Economics and Statistics ,
MIT Press, vol. 64(3), pages 368-75, August.
[Downloadable!] (restricted)
Petersen, Mitchell A & Rajan, Raghuram G, 1995.
"The Effect of Credit Market Competition on Lending Relationships ,"
The Quarterly Journal of Economics ,
MIT Press, vol. 110(2), pages 407-43, May.
[Downloadable!] (restricted)
Other versions: Pita Barros, Pedro, 1999.
"Multimarket competition in banking, with an example from the Portuguese market ,"
International Journal of Industrial Organization ,
Elsevier, vol. 17(3), pages 335-352, April.
[Downloadable!] (restricted)
Allen N. Berger & Nathan H. Miller & Mitchell A. Petersen & Raghuran G. Rajan & Jeremy C. Stein, 2002.
"Does function follow organizational form? evidence from the lending practices of large and small banks ,"
Proceedings ,
Federal Reserve Bank of Chicago, issue May, pages 383-400.
Other versions:
Allen N. Berger & Nathan H. Miller & Mitchell A. Petersen & Raghuram G. Rajan & Jeremy C. Stein, 2002.
"Does Function Follow Organzizational Form? Evidence From the Lending Practices of Large and Small Banks ,"
Harvard Institute of Economic Research Working Papers
1976, Harvard - Institute of Economic Research.
[Downloadable!] Allen N. Berger & Nathan H. Miller & Mitchell A. Petersen & Raghuram G. Rajan & Jeremy C. Stein, 2002.
"Does Function Follow Organizational Form? Evidence From the Lending Practices of Large and Small Banks ,"
NBER Working Papers
8752, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted) Berger, Allen N. & Miller, Nathan H. & Petersen, Mitchell A. & Rajan, Raghuram G. & Stein, Jeremy C., 2005.
"Does function follow organizational form? Evidence from the lending practices of large and small banks ,"
Journal of Financial Economics ,
Elsevier, vol. 76(2), pages 237-269, May.
[Downloadable!] (restricted) Sharpe, Steven A, 1990.
" Asymmetric Information, Bank Lending, and Implicit Contracts: A Stylized Model of Customer Relationships ,"
Journal of Finance ,
American Finance Association, vol. 45(4), pages 1069-87, September.
[Downloadable!] (restricted)
Other versions: Dell'Ariccia, Giovanni & Marquez, Robert, 2004.
"Information and bank credit allocation ,"
Journal of Financial Economics ,
Elsevier, vol. 72(1), pages 185-214, April.
[Downloadable!] (restricted)
Schargrodsky, Ernesto & Sturzenegger, Federico, 2000.
"Banking regulation and competition with product differentiation ,"
Journal of Development Economics ,
Elsevier, vol. 63(1), pages 85-111, October.
[Downloadable!] (restricted)
Emilia Bonaccorsi Di Patti & Giovanni Dell'Ariccia, 2003.
"Bank competition and firm creation ,"
Temi di discussione (Economic working papers)
481, Bank of Italy, Economic Research Department.
[Downloadable!]
Other versions:
Giovanni Dell'Ariccia, .
"Bank Competition and Firm Creation ,"
IMF Working Papers
01/21, International Monetary Fund.
Emilia Bonaccorsi di Patti & Giovanni Dell'Ariccia, 2000.
"Bank competition and firm creation ,"
Proceedings ,
Federal Reserve Bank of Chicago, issue May, pages 132-161.
Bonaccorsi di Patti, Emilia & Dell'Ariccia, Giovanni, 2004.
"Bank Competition and Firm Creation ,"
Journal of Money, Credit and Banking ,
Blackwell Publishing, vol. 36(2), pages 225-51, April.
Degryse, Hans, 1996.
"On the Interaction between Vertical and Horizontal Product Differentiation: An Application to Banking ,"
Journal of Industrial Economics ,
Blackwell Publishing, vol. 44(2), pages 169-86, June.
[Downloadable!] (restricted)
Gregory E. Elliehausen & John D. Wolken, 1990.
"Banking markets and the use of financial services by small and medium- sized businesses ,"
Staff Studies
160, Board of Governors of the Federal Reserve System (U.S.).
Other versions: Giovanni Dell'Ariccia, 1998.
"Asymmetric Information and the Market Structure of the Banking Industry ,"
IMF Working Papers
98/92, International Monetary Fund.
Sandra E. Black & Philip E. Strahan, 2002.
"Entrepreneurship and Bank Credit Availability ,"
Journal of Finance ,
American Finance Association, vol. 57(6), pages 2807-2833, December.
[Downloadable!] (restricted)
Boot, Arnoud W. A., 2000.
"Relationship Banking: What Do We Know? ,"
Journal of Financial Intermediation ,
Elsevier, vol. 9(1), pages 7-25, January.
[Downloadable!] (restricted)
Angelini, P. & Di Salvo, R. & Ferri, G., 1998.
"Availability and cost of credit for small businesses: Customer relationships and credit cooperatives ,"
Journal of Banking & Finance ,
Elsevier, vol. 22(6-8), pages 925-954, August.
[Downloadable!] (restricted)
Nicola Cetorelli, 2002.
"Does bank concentration lead to concentration in industrial sectors? ,"
Proceedings ,
Federal Reserve Bank of Chicago, issue May, pages 509-535.
[Downloadable!]
Other versions: Arnoud W. A. Boot & Anjan V. Thakor, 2000.
"Can Relationship Banking Survive Competition? ,"
Journal of Finance ,
American Finance Association, vol. 55(2), pages 679-713, 04.
[Downloadable!] (restricted)
Other versions: Dinc, I Serdar, 2000.
"Bank Reputation, Bank Commitment, and the Effects of Competition in Credit Markets ,"
Review of Financial Studies ,
Oxford University Press for Society for Financial Studies, vol. 13(3), pages 781-812.
Nicola Cetorelli, 2002.
"Life-cycle dynamics in industrial sectors. The role of banking market structure ,"
Working Paper Series
WP-02-26, Federal Reserve Bank of Chicago.
[Downloadable!]
Other versions: Vale, Bent, 1993.
" The Dual Role of Demand Deposits under Asymmetric Information ,"
Scandinavian Journal of Economics ,
Blackwell Publishing, vol. 95(1), pages 77-95.
Boot, Arnoud W A & Thakor, Anjan V, 1994.
"Moral Hazard and Secured Lending in an Infinitely Repeated Credit Market Game ,"
International Economic Review ,
Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 35(4), pages 899-920, November.
[Downloadable!] (restricted)
Jose Maria Liberti, 2004.
"Initiative, Incentives and Soft Information. How Does Delegation Impact The Role of Bank Relationship Managers? ,"
Finance
0404023, EconWPA.
[Downloadable!]
Rajan, Raghuram G, 1992.
" Insiders and Outsiders: The Choice between Informed and Arm's-Length Debt ,"
Journal of Finance ,
American Finance Association, vol. 47(4), pages 1367-400, September.
[Downloadable!] (restricted)
Robert Hauswald & Robert Marquez, 2006.
"Competition and Strategic Information Acquisition in Credit Markets ,"
Review of Financial Studies ,
Oxford University Press for Society for Financial Studies, vol. 19(3), pages 967-1000.
[Downloadable!] (restricted)
Paola Sapienza, 2002.
"The Effects of Banking Mergers on Loan Contracts ,"
Journal of Finance ,
American Finance Association, vol. 57(1), pages 329-367, 02.
[Downloadable!] (restricted)
Degryse, Hans & Van Cayseele, Patrick, 2000.
"Relationship Lending within a Bank-Based System: Evidence from European Small Business Data ,"
Journal of Financial Intermediation ,
Elsevier, vol. 9(1), pages 90-109, January.
[Downloadable!] (restricted)
Other versions: Park, Albert & Brandt, Loren & Giles, John, 2003.
"Competition under credit rationing: theory and evidence from rural China ,"
Journal of Development Economics ,
Elsevier, vol. 71(2), pages 463-495, August.
[Downloadable!] (restricted)
Jeremy C. Stein, 2002.
"Information Production and Capital Allocation: Decentralized versus Hierarchical Firms ,"
Journal of Finance ,
American Finance Association, vol. 57(5), pages 1891-1921, October.
[Downloadable!] (restricted)
Nicola Cetorelli, 2001.
"Banking Market Structure, Financial Dependence and Growth: International Evidence from Industry Data ,"
Journal of Finance ,
American Finance Association, vol. 56(2), pages 617-648, 04.
[Downloadable!] (restricted)
Other versions: Armstrong, Mark & Vickers, John, 2001.
"Competitive Price Discrimination ,"
RAND Journal of Economics ,
The RAND Corporation, vol. 32(4), pages 579-605, Winter.
B. Douglas Bernheim & Michael D. Whinston, 1990.
"Multimarket Contact and Collusive Behavior ,"
RAND Journal of Economics ,
The RAND Corporation, vol. 21(1), pages 1-26, Spring.
[Downloadable!] (restricted)
Rebecca Zarutskie, 2003.
"Does bank competition affect how much firms can borrow? new evidence from the U.S ,"
Proceedings ,
Federal Reserve Bank of Chicago, issue May, pages 121-136.
Full
references
Access and
download statistics Did you know? You can import bibliographic info in various formats into you bibliographic tool, or just into your word processor. See under "publisher info" on each abstract page.
This page was last updated on 2009-11-16.
This information is provided to you by IDEAS at the Department of Economics , College of Liberal Arts and Sciences , University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics .