Bank size and lending relationships in Japan:
Current theoretical and empirical research suggests that small banks have a comparative advantage in processing soft information and delivering relationship lending. The most comprehensive analysis of this view found using U.S. data that smaller SMEs borrow from smaller banks and smaller banks have...
Gespeichert in:
| Hauptverfasser: | , , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Cambridge, Mass.
National Bureau of Economic Research
2007
|
| Schriftenreihe: | Working paper series / National Bureau of Economic Research
13005 |
| Online-Zugang: | Volltext |
| Zusammenfassung: | Current theoretical and empirical research suggests that small banks have a comparative advantage in processing soft information and delivering relationship lending. The most comprehensive analysis of this view found using U.S. data that smaller SMEs borrow from smaller banks and smaller banks have stronger relationships with their borrowers (Berger, Miller, Petersen, Rajan, and Stein 2005) (BMPRS). We employ essentially the same methodology as BMPRS on a unique Japanese data set and obtained findings that are quite interesting from an international comparison point of view. We found like BMPRS that larger firms tend to borrow from larger banks. However, unlike BMPRS we did not find that this was because larger firms are more transparent. Together these results imply that large banks do not necessarily have a comparative advantage in extending transactions-based lending. We also found like BMPRS that smaller banks have strong relationships with their borrowers. However, we find that banking relationships in the U.S. and Japan are strong in somewhat different dimensions. Our paper clarifies these and other interesting similarities and differences between the U.S. and Japan. |
| Beschreibung: | 32, [8] S. 22 cm |
Internformat
MARC
| LEADER | 00000nam a2200000zcb4500 | ||
|---|---|---|---|
| 001 | BV023592918 | ||
| 003 | DE-604 | ||
| 005 | 20080327000000.0 | ||
| 007 | t | ||
| 008 | 070607s2007 xxu |||| 00||| eng d | ||
| 035 | |a (OCoLC)255604360 | ||
| 035 | |a (DE-599)GBV527907022 | ||
| 040 | |a DE-604 |b ger | ||
| 041 | 0 | |a eng | |
| 044 | |a xxu |c XD-US | ||
| 049 | |a DE-521 | ||
| 100 | 1 | |a Uchida, Hirofumi |e Verfasser |0 (DE-588)12970539X |4 aut | |
| 245 | 1 | 0 | |a Bank size and lending relationships in Japan |c Hirofumi Uchida ; Gregory F. Udell ; Wako Watanabe |
| 264 | 1 | |a Cambridge, Mass. |b National Bureau of Economic Research |c 2007 | |
| 300 | |a 32, [8] S. |c 22 cm | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 490 | 1 | |a Working paper series / National Bureau of Economic Research |v 13005 | |
| 520 | 8 | |a Current theoretical and empirical research suggests that small banks have a comparative advantage in processing soft information and delivering relationship lending. The most comprehensive analysis of this view found using U.S. data that smaller SMEs borrow from smaller banks and smaller banks have stronger relationships with their borrowers (Berger, Miller, Petersen, Rajan, and Stein 2005) (BMPRS). We employ essentially the same methodology as BMPRS on a unique Japanese data set and obtained findings that are quite interesting from an international comparison point of view. We found like BMPRS that larger firms tend to borrow from larger banks. However, unlike BMPRS we did not find that this was because larger firms are more transparent. Together these results imply that large banks do not necessarily have a comparative advantage in extending transactions-based lending. We also found like BMPRS that smaller banks have strong relationships with their borrowers. However, we find that banking relationships in the U.S. and Japan are strong in somewhat different dimensions. Our paper clarifies these and other interesting similarities and differences between the U.S. and Japan. | |
| 700 | 1 | |a Udell, Gregory F. |d 1946- |e Verfasser |0 (DE-588)124613640 |4 aut | |
| 700 | 1 | |a Watanabe, Wakō |d 1973- |e Verfasser |0 (DE-588)133202461 |4 aut | |
| 776 | 0 | 8 | |i Erscheint auch als |n Online-Ausgabe |
| 810 | 2 | |a National Bureau of Economic Research <Cambridge, Mass.> |t NBER working paper series |v 13005 |w (DE-604)BV002801238 |9 13005 | |
| 856 | 4 | 1 | |u http://papers.nber.org/papers/w13005.pdf |z kostenfrei |3 Volltext |
| 999 | |a oai:aleph.bib-bvb.de:BVB01-016908248 | ||
Datensatz im Suchindex
| _version_ | 1804138251901992960 |
|---|---|
| adam_txt | |
| any_adam_object | |
| any_adam_object_boolean | |
| author | Uchida, Hirofumi Udell, Gregory F. 1946- Watanabe, Wakō 1973- |
| author_GND | (DE-588)12970539X (DE-588)124613640 (DE-588)133202461 |
| author_facet | Uchida, Hirofumi Udell, Gregory F. 1946- Watanabe, Wakō 1973- |
| author_role | aut aut aut |
| author_sort | Uchida, Hirofumi |
| author_variant | h u hu g f u gf gfu w w ww |
| building | Verbundindex |
| bvnumber | BV023592918 |
| ctrlnum | (OCoLC)255604360 (DE-599)GBV527907022 |
| format | Book |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>02474nam a2200337zcb4500</leader><controlfield tag="001">BV023592918</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">20080327000000.0</controlfield><controlfield tag="007">t</controlfield><controlfield tag="008">070607s2007 xxu |||| 00||| eng d</controlfield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)255604360</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)GBV527907022</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="044" ind1=" " ind2=" "><subfield code="a">xxu</subfield><subfield code="c">XD-US</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-521</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Uchida, Hirofumi</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)12970539X</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Bank size and lending relationships in Japan</subfield><subfield code="c">Hirofumi Uchida ; Gregory F. Udell ; Wako Watanabe</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Cambridge, Mass.</subfield><subfield code="b">National Bureau of Economic Research</subfield><subfield code="c">2007</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">32, [8] S.</subfield><subfield code="c">22 cm</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">n</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">nc</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="1" ind2=" "><subfield code="a">Working paper series / National Bureau of Economic Research</subfield><subfield code="v">13005</subfield></datafield><datafield tag="520" ind1="8" ind2=" "><subfield code="a">Current theoretical and empirical research suggests that small banks have a comparative advantage in processing soft information and delivering relationship lending. The most comprehensive analysis of this view found using U.S. data that smaller SMEs borrow from smaller banks and smaller banks have stronger relationships with their borrowers (Berger, Miller, Petersen, Rajan, and Stein 2005) (BMPRS). We employ essentially the same methodology as BMPRS on a unique Japanese data set and obtained findings that are quite interesting from an international comparison point of view. We found like BMPRS that larger firms tend to borrow from larger banks. However, unlike BMPRS we did not find that this was because larger firms are more transparent. Together these results imply that large banks do not necessarily have a comparative advantage in extending transactions-based lending. We also found like BMPRS that smaller banks have strong relationships with their borrowers. However, we find that banking relationships in the U.S. and Japan are strong in somewhat different dimensions. Our paper clarifies these and other interesting similarities and differences between the U.S. and Japan.</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Udell, Gregory F.</subfield><subfield code="d">1946-</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)124613640</subfield><subfield code="4">aut</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Watanabe, Wakō</subfield><subfield code="d">1973-</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)133202461</subfield><subfield code="4">aut</subfield></datafield><datafield tag="776" ind1="0" ind2="8"><subfield code="i">Erscheint auch als</subfield><subfield code="n">Online-Ausgabe</subfield></datafield><datafield tag="810" ind1="2" ind2=" "><subfield code="a">National Bureau of Economic Research <Cambridge, Mass.></subfield><subfield code="t">NBER working paper series</subfield><subfield code="v">13005</subfield><subfield code="w">(DE-604)BV002801238</subfield><subfield code="9">13005</subfield></datafield><datafield tag="856" ind1="4" ind2="1"><subfield code="u">http://papers.nber.org/papers/w13005.pdf</subfield><subfield code="z">kostenfrei</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="999" ind1=" " ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-016908248</subfield></datafield></record></collection> |
| id | DE-604.BV023592918 |
| illustrated | Not Illustrated |
| index_date | 2024-07-02T22:41:31Z |
| indexdate | 2024-07-09T21:25:14Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-016908248 |
| oclc_num | 255604360 |
| open_access_boolean | 1 |
| owner | DE-521 |
| owner_facet | DE-521 |
| physical | 32, [8] S. 22 cm |
| publishDate | 2007 |
| publishDateSearch | 2007 |
| publishDateSort | 2007 |
| publisher | National Bureau of Economic Research |
| record_format | marc |
| series2 | Working paper series / National Bureau of Economic Research |
| spelling | Uchida, Hirofumi Verfasser (DE-588)12970539X aut Bank size and lending relationships in Japan Hirofumi Uchida ; Gregory F. Udell ; Wako Watanabe Cambridge, Mass. National Bureau of Economic Research 2007 32, [8] S. 22 cm txt rdacontent n rdamedia nc rdacarrier Working paper series / National Bureau of Economic Research 13005 Current theoretical and empirical research suggests that small banks have a comparative advantage in processing soft information and delivering relationship lending. The most comprehensive analysis of this view found using U.S. data that smaller SMEs borrow from smaller banks and smaller banks have stronger relationships with their borrowers (Berger, Miller, Petersen, Rajan, and Stein 2005) (BMPRS). We employ essentially the same methodology as BMPRS on a unique Japanese data set and obtained findings that are quite interesting from an international comparison point of view. We found like BMPRS that larger firms tend to borrow from larger banks. However, unlike BMPRS we did not find that this was because larger firms are more transparent. Together these results imply that large banks do not necessarily have a comparative advantage in extending transactions-based lending. We also found like BMPRS that smaller banks have strong relationships with their borrowers. However, we find that banking relationships in the U.S. and Japan are strong in somewhat different dimensions. Our paper clarifies these and other interesting similarities and differences between the U.S. and Japan. Udell, Gregory F. 1946- Verfasser (DE-588)124613640 aut Watanabe, Wakō 1973- Verfasser (DE-588)133202461 aut Erscheint auch als Online-Ausgabe National Bureau of Economic Research <Cambridge, Mass.> NBER working paper series 13005 (DE-604)BV002801238 13005 http://papers.nber.org/papers/w13005.pdf kostenfrei Volltext |
| spellingShingle | Uchida, Hirofumi Udell, Gregory F. 1946- Watanabe, Wakō 1973- Bank size and lending relationships in Japan |
| title | Bank size and lending relationships in Japan |
| title_auth | Bank size and lending relationships in Japan |
| title_exact_search | Bank size and lending relationships in Japan |
| title_exact_search_txtP | Bank size and lending relationships in Japan |
| title_full | Bank size and lending relationships in Japan Hirofumi Uchida ; Gregory F. Udell ; Wako Watanabe |
| title_fullStr | Bank size and lending relationships in Japan Hirofumi Uchida ; Gregory F. Udell ; Wako Watanabe |
| title_full_unstemmed | Bank size and lending relationships in Japan Hirofumi Uchida ; Gregory F. Udell ; Wako Watanabe |
| title_short | Bank size and lending relationships in Japan |
| title_sort | bank size and lending relationships in japan |
| url | http://papers.nber.org/papers/w13005.pdf |
| volume_link | (DE-604)BV002801238 |
| work_keys_str_mv | AT uchidahirofumi banksizeandlendingrelationshipsinjapan AT udellgregoryf banksizeandlendingrelationshipsinjapan AT watanabewako banksizeandlendingrelationshipsinjapan |