Banking relationship and credit terms: empirical evidence from Portuguese small firms

Detalhes bibliográficos
Autor(a) principal: Matias, Miguel Neves
Data de Publicação: 2010
Outros Autores: Serrasqueiro, Z?lia, Costa, Carlos Arriaga
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://dspace.ismt.pt/xmlui/handle/123456789/359
Resumo: Based on a sample of Micro and Small-sized Enterprises (MSE) financed by a large Portuguese bank, this study seeks to assess the importance of the banking relationship for MSE to obtain better credit terms, i.e. higher credit limit, lower risk premium and less probability that collateral must be provided. We conclude that long term banking relationship alone is not important for firms to obtain better bank credit terms. However, greater borrowing concentration allows MSE to obtain a lower risk premium and a higher limit of credit. The magnitude of these impacts are affected by some specificities related to firm size, economic-financial performance and the position of the lending bank in the local banking market.
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spelling Banking relationship and credit terms: empirical evidence from Portuguese small firmsBanking relationshipCredit termsSmall firmsBased on a sample of Micro and Small-sized Enterprises (MSE) financed by a large Portuguese bank, this study seeks to assess the importance of the banking relationship for MSE to obtain better credit terms, i.e. higher credit limit, lower risk premium and less probability that collateral must be provided. We conclude that long term banking relationship alone is not important for firms to obtain better bank credit terms. However, greater borrowing concentration allows MSE to obtain a lower risk premium and a higher limit of credit. The magnitude of these impacts are affected by some specificities related to firm size, economic-financial performance and the position of the lending bank in the local banking market.2014-02-19T20:54:20Z2014-02-192010-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://dspace.ismt.pt/xmlui/handle/123456789/359eng2156-1540http://dspace.ismt.pt/xmlui/handle/123456789/359Matias, Miguel NevesSerrasqueiro, Z?liaCosta, Carlos Arriagainfo: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:RCAAP2023-12-15T14:57:32Zoai:repositorio.ismt.pt:123456789/359Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T00:53:32.050776Repositório 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 Banking relationship and credit terms: empirical evidence from Portuguese small firms
title Banking relationship and credit terms: empirical evidence from Portuguese small firms
spellingShingle Banking relationship and credit terms: empirical evidence from Portuguese small firms
Matias, Miguel Neves
Banking relationship
Credit terms
Small firms
title_short Banking relationship and credit terms: empirical evidence from Portuguese small firms
title_full Banking relationship and credit terms: empirical evidence from Portuguese small firms
title_fullStr Banking relationship and credit terms: empirical evidence from Portuguese small firms
title_full_unstemmed Banking relationship and credit terms: empirical evidence from Portuguese small firms
title_sort Banking relationship and credit terms: empirical evidence from Portuguese small firms
author Matias, Miguel Neves
author_facet Matias, Miguel Neves
Serrasqueiro, Z?lia
Costa, Carlos Arriaga
author_role author
author2 Serrasqueiro, Z?lia
Costa, Carlos Arriaga
author2_role author
author
dc.contributor.author.fl_str_mv Matias, Miguel Neves
Serrasqueiro, Z?lia
Costa, Carlos Arriaga
dc.subject.por.fl_str_mv Banking relationship
Credit terms
Small firms
topic Banking relationship
Credit terms
Small firms
description Based on a sample of Micro and Small-sized Enterprises (MSE) financed by a large Portuguese bank, this study seeks to assess the importance of the banking relationship for MSE to obtain better credit terms, i.e. higher credit limit, lower risk premium and less probability that collateral must be provided. We conclude that long term banking relationship alone is not important for firms to obtain better bank credit terms. However, greater borrowing concentration allows MSE to obtain a lower risk premium and a higher limit of credit. The magnitude of these impacts are affected by some specificities related to firm size, economic-financial performance and the position of the lending bank in the local banking market.
publishDate 2010
dc.date.none.fl_str_mv 2010-01-01T00:00:00Z
2014-02-19T20:54:20Z
2014-02-19
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