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Better the devil you know: Home and sectoral biases in bank lending

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  • Burietz, A.
  • Ureche-Rangau, L.

Abstract

This paper empirically investigates banks’ lending and the extent to which they are influenced by specific preferences in terms of geographical location and industry. We study whether banks develop a field of expertise and focus on it, or whether they prefer to grant loans quite evenly among countries and industries. We manually built an original database of syndicated loans for banks in the four major banking systems in the eurozone, to estimate the determinants of loans’ amounts between 2005 and 2013. Our findings highlight a domestic bias and a sectoral bias with banks lending larger amounts to their domestic borrowers and to industries they are more familiar with.

Suggested Citation

  • Burietz, A. & Ureche-Rangau, L., 2020. "Better the devil you know: Home and sectoral biases in bank lending," International Economics, Elsevier, vol. 164(C), pages 69-85.
    • Handle: RePEc:eee:inteco:v:164:y:2020:i:c:p:69-85
    DOI: 10.1016/j.inteco.2020.08.004
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    3. Burietz, Aurore & Picault, Matthieu, 2023. "To lend or not to lend? The ECB as the ‘intermediary of last resort’," Economic Modelling, Elsevier, vol. 122(C).

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    Keywords

    Credit supply; Biases; Syndicated loan market;
    All these keywords.

    JEL classification:

    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • G01 - Financial Economics - - General - - - Financial Crises
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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