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Do Firm-Bank `Odd Couples' Exacerbate Credit Rationing?

Author

Listed:
  • Giovanni Ferri

    (University of Bari)

  • Pierluigi Murro

    (University of Bari)

  • Zeno Rotondi

    (UniCredit Group's Retail Research Division)

Abstract

We start considering an optimal matching of opaque (transparent) borrowing firrms with relational (transactional) lending main banks. Next we contemplate the possibility that firm-bank "odd couples" materialize where opaque (transparent) firrms end up matched with transactional (re- lational) main banks. We conjecture the "odd couples" emerge either since the bank's lending technology is not perfectly observable to the rm or because riskier firrms - even though opaque - strategically select transac- tional banks in the hope of being classified as lower risks. Our econometric results show the probability of rationing is larger when firrms and banks match in "odd couples".

Suggested Citation

  • Giovanni Ferri & Pierluigi Murro & Zeno Rotondi, 2010. "Do Firm-Bank `Odd Couples' Exacerbate Credit Rationing?," SERIES 0031, Dipartimento di Economia e Finanza - Università degli Studi di Bari "Aldo Moro", revised Jul 2010.
    • Handle: RePEc:bai:series:economia-series31
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    14. Gabriele Angori & David Aristei, 2020. "Heterogeneity and state dependence in firms’ access to credit: Microevidence from the euro area," SEEDS Working Papers 0220, SEEDS, Sustainability Environmental Economics and Dynamics Studies, revised Feb 2020.
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    18. Majida Jrad & Yamina Tadjeddine, 2020. "Collateral Requirements For Sme Loans: Empirical Evidence From Lebanon Country," Working Papers of BETA 2020-46, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
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    More about this item

    Keywords

    Relationship Banking; Credit Rationing and Asymmetric Information;

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • D84 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Expectations; Speculations

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