On the length of bank-firm relationships: an empirical application to a major French bank

Detalhes bibliográficos
Autor(a) principal: Bouchellal, Abdellah
Data de Publicação: 2016
Outros Autores: Castro, Vítor
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/1822/40081
Resumo: NIPE - WP 01/ 2016
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spelling On the length of bank-firm relationships: an empirical application to a major French bankBank-firm relationshipsDuration analysisDuration dependenceChange-pointsCiências Sociais::Economia e GestãoNIPE - WP 01/ 2016In this paper, we analyse whether the likelihood of the bank-firm relationships ending is dependent on their age or not and whether the respective behaviour is smooth or changes over their length. A parametric duration analysis is employed in this analysis. We start by estimating a continuous-time Weibull duration model over the duration of the relationships between 1185 firms and one of the major French banks. Our findings show that the likelihood of the relationships between them ending increases over their duration, but other specific factors to the firms, to the bank, to their own relationship and certain pricing conditions also play an important role in the duration of those relationships. Additionally, we extend the baseline Weibull duration model in order to allow for changepoints in the duration dependence parameter. The empirical findings support the presence of a change-point: positive duration dependence is observed for those relationships that last less than 23 years, but no evidence of duration dependence is found for longer events. Hence, we conclude that the likelihood of these relationships ending increases over time, but only until about 23 years of duration; then the relations become stronger and the likelihood of they ending is no longer dependent on its duration but on other conditionings.Universidade do Minho. Núcleo de Investigação em Políticas Económicas (NIPE)Universidade do MinhoBouchellal, AbdellahCastro, Vítor2016-012016-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/1822/40081enghttp://www.nipe.eeg.uminho.pt/Uploads/WP_2016/NIPE_WP_01_2016.pdfinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-07-21T12:08:37Zoai:repositorium.sdum.uminho.pt:1822/40081Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T18:59:51.529432Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv On the length of bank-firm relationships: an empirical application to a major French bank
title On the length of bank-firm relationships: an empirical application to a major French bank
spellingShingle On the length of bank-firm relationships: an empirical application to a major French bank
Bouchellal, Abdellah
Bank-firm relationships
Duration analysis
Duration dependence
Change-points
Ciências Sociais::Economia e Gestão
title_short On the length of bank-firm relationships: an empirical application to a major French bank
title_full On the length of bank-firm relationships: an empirical application to a major French bank
title_fullStr On the length of bank-firm relationships: an empirical application to a major French bank
title_full_unstemmed On the length of bank-firm relationships: an empirical application to a major French bank
title_sort On the length of bank-firm relationships: an empirical application to a major French bank
author Bouchellal, Abdellah
author_facet Bouchellal, Abdellah
Castro, Vítor
author_role author
author2 Castro, Vítor
author2_role author
dc.contributor.none.fl_str_mv Universidade do Minho
dc.contributor.author.fl_str_mv Bouchellal, Abdellah
Castro, Vítor
dc.subject.por.fl_str_mv Bank-firm relationships
Duration analysis
Duration dependence
Change-points
Ciências Sociais::Economia e Gestão
topic Bank-firm relationships
Duration analysis
Duration dependence
Change-points
Ciências Sociais::Economia e Gestão
description NIPE - WP 01/ 2016
publishDate 2016
dc.date.none.fl_str_mv 2016-01
2016-01-01T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/1822/40081
url http://hdl.handle.net/1822/40081
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv http://www.nipe.eeg.uminho.pt/Uploads/WP_2016/NIPE_WP_01_2016.pdf
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Universidade do Minho. Núcleo de Investigação em Políticas Económicas (NIPE)
publisher.none.fl_str_mv Universidade do Minho. Núcleo de Investigação em Políticas Económicas (NIPE)
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
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instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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