Concentration, Hold-Up, and Information Revelation in Bank Lending: Evidence From Chilean Firms

Authors

  • Alvaro García M.
  • Andrea Repetto
  • Sergio Rodríguez E.
  • Rodrigo Valdés

Abstract

In this paper we empirically study bank-client relationships using a sample of Chilean manufacturing firms. We examine whether concentration and the duration of bank-client relationships affect the volume of bank lending. Our results indicate that lower concentration, measured by the number of banks a firm borrows from, is associated ith a large and positive effect on borrowing. The length of borrower-lender relationships has a positive—although not always statistically significant—effect on the amount borrowed.

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Published

26-12-2003

How to Cite

García M., A. ., Repetto, A. ., Rodríguez E., S. ., & Valdés , R. . (2003). Concentration, Hold-Up, and Information Revelation in Bank Lending: Evidence From Chilean Firms. ECONOMÍA CHILENA, 6(3), 27–44. Retrieved from http://xn--economachilena-5lb.cl/index.php/economiachilena/article/view/62

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