Distance, lending relationships, and competition

被引：662

作者：

Degryse, H ^{[1
]}

Ongena, S

机构：

[1] Katholieke Univ Leuven, Louvain, Belgium

[2] Tilburg Univ, CentER, NL-5000 LE Tilburg, Netherlands

来源：

JOURNAL OF FINANCE | 2005年 / 60卷 / 01期

关键词：

D O I：

10.1111/j.1540-6261.2005.00729.x

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

We study the effect on loan conditions of geographical distance between firms, the lending bank, and all other banks in the vicinity. For our study, we employ detailed contract information from more than 15,000 bank loans to small firms comprising the entire loan portfolio of a large Belgian bank. We report the first comprehensive evidence on the occurrence of spatial price discrimination in bank lending. Loan rates decrease with the distance between the firm and the lending bank and increase with the distance between the firm and competing banks. Transportation costs cause the spatial price discrimination we observe.

引用

页码：231 / 266

页数：36

共 68 条

[1] Additional evidence on the information-based contagion effects of bank failures [J].