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dc.contributor.authorGambini, Alessandroen_US
dc.contributor.authorZazzaro, Albertoen_US
dc.date.accessioned2010-07-08en_US
dc.date.accessioned2010-08-18T11:19:04Z-
dc.date.available2010-08-18T11:19:04Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/38980-
dc.description.abstractA puzzling but consistent result in the empirical literature on banking is that firms with close bank ties do not grow faster than bank-independent firms. In this paper, we reconsider the link between relationship lending and firms' growth, distinguishing firms by size and 'health'. The idea is that the beneficial effects of relationship lending on information asymmetries can be compensated by other negative capture, risk and externality effects which make relational banks reluctant to support long-term growth projects of client firms, and that the strength of these compensating effects varies with firm size and health status. We explore the influence of long-lasting bank relationships on employment and asset growth of a large sample of Italian firms. The main finding is that relationship lending hampers the efforts of small firms to increase their size, while it mitigates the negative growth of troubled, medium-large enterprises.en_US
dc.language.isoengen_US
dc.publisherCESifo Münchenen_US
dc.relation.ispartofseriesCESifo working paper Industrial Organisation 3106en_US
dc.subject.jelG21en_US
dc.subject.jelG34en_US
dc.subject.ddc330en_US
dc.subject.keywordrelationship lendingen_US
dc.subject.keywordcapture effectsen_US
dc.subject.keywordfirms' growthen_US
dc.subject.stwUnternehmenswachstumen_US
dc.subject.stwKlein- und Mittelunternehmenen_US
dc.subject.stwKreditgeschäften_US
dc.subject.stwHausbanken_US
dc.subject.stwLieferanten-Kunden-Beziehungen_US
dc.subject.stwUnternehmensentwicklungen_US
dc.subject.stwItalienen_US
dc.titleLong-lasting bank relationships and growth of firmsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn630871213en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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