ror.org/02kzqn938
Abstracts
Abstract
Over the past 20 years, scholars have discussed the impact of banking competition on the choice between transactional and relationship lending technologies extensively, but no resolution has emerged. To address these questions, this article uses a new measure of relationship lending that accounts for the actual level of soft information that banks use in their loan pricing. With this new measure, the analysis reveals that banks prefer to implement relationship lending technology when competition is weak. In addition and in accordance with extant theoretical conclusions, the shape of the relationship between competition and relationship banking is nonlinear and concave.
Keywords:
- Banks,
- Lending Technologies,
- Banking Competition,
- SME
Résumé
Durant les 20 dernières années, la question de l’impact de la concurrence bancaire sur le choix entre le financement relationnel ou transactionnel a longuement été débattue sans aboutir à une réponse claire. Dans cet article, nous construisons une nouvelle mesure du financement relationnel basée sur le niveau d’information soft utilisée par la banque lors de la tarification du crédit. Cette nouvelle mesure permet de montrer que les banques préfèrent utiliser le financement relationnel lorsque la concurrence est faible. En outre, nous confirmons les conclusions théoriques antérieures : la relation entre la concurrence et le financement relationnel est concave.
Mots-clés :
- Banques,
- Technologies de financement,
- Concurrence bancaire,
- PME
Resumen
Durante estos 20 últimos anos, los investigadores discutieron acerca del impacto de la competencia bancaria en cuanto a la elección entre la relación bancaria y la relación tecnológica, pero ninguna se impuso. Este artículo se basa en una nueva medida de relación bancaria: el nivel real de informaciones soft en las que se basan muchos bancos para fijar los precios de sus préstamos. Con esta medida, nuestro análisis revela que los bancos apuestan por una relación bancaria cuando la competencia no es relevante. Además, la forma de la relación entre la competencia bancaria y la relación bancaria es cóncavo.
Palabras clave:
- Bancos,
- relación bancaria,
- competencia bancaria,
- PyME
Appendices
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