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Bank-firm relationship and credit risk: An analysis on Tunisian firms

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  • Belaid, Faiçal
  • Boussaada, Rim
  • Belguith, Houda

Abstract

This paper analyses the impact of the intensity and length of bank-firm lending relationship on Tunisian banks’ credit risk over the period 2001–2012. The sample includes 494 bank-firm relationships for 383 firms. By applying probit and ordered probit models, our results indicate that firms which engage in intense relationships with banks are less likely to encounter a credit default. In addition, these firms exhibit a higher loan quality. However, no evidence has been found for the impact of the relationship length on credit risk. Further, the findings show that private banks, unlike public financial institutions, take advantage of their close lending relationships with borrowers to mitigate information asymmetry and therefore improve their loans portfolio quality.

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  • Belaid, Faiçal & Boussaada, Rim & Belguith, Houda, 2017. "Bank-firm relationship and credit risk: An analysis on Tunisian firms," Research in International Business and Finance, Elsevier, vol. 42(C), pages 532-543.
  • Handle: RePEc:eee:riibaf:v:42:y:2017:i:c:p:532-543
    DOI: 10.1016/j.ribaf.2017.04.011
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    Cited by:

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    2. Hakimi, Abdelaziz, 2018. "Threshold Effect of the Number of Bank Relationships on the Tunisian Firm Performance," Business and Economics Research Journal, Uludag University, Faculty of Economics and Administrative Sciences, vol. 9(2), pages 317-330, April.
    3. Haithem Awijen & Younes Ben Zaied & Ahmed Imran Hunjra, 2023. "Systematic and Unsystematic Determinants of Sectoral Risk Default Interconnectedness," Computational Economics, Springer;Society for Computational Economics, vol. 62(2), pages 561-587, August.
    4. Muhammad Haris & Yong Tan & Ali Malik & Qurat Ul Ain, 2020. "A Study on the Impact of Capitalization on the Profitability of Banks in Emerging Markets: A Case of Pakistan," JRFM, MDPI, vol. 13(9), pages 1-21, September.
    5. Neily, Oussama & Neily, Mohamed, 2022. "Liquidity and credit problems and the effect on the soundness of Tunisian groups (GDA )," MPRA Paper 114180, University Library of Munich, Germany.
    6. Nikita Singhal & Shikha Goyal & Divya Sharma & Sapna Kumari & Shweta Nagar, 2022. "Capitalization and profitability: applicability of capital theories in BRICS banking sector," Future Business Journal, Springer, vol. 8(1), pages 1-13, December.
    7. Neily, Oussama & Neily, Mohamed, 2022. "Liquidity and credit problems and the effect on the soundness of Tunisian groups (GDA )," MPRA Paper 114130, University Library of Munich, Germany.

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    More about this item

    Keywords

    Bank-firm lending relationship; Credit risk; Tunisian banks; Probit; Ordered probit;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation

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