Add to ORKGWe empirically test a set of hypotheses on the relation between borrower risk and loan maturity in small business lending. Analyzing data on new loan approvals and renewals made by a German bank in 2005, we find a robust, significantly positive and monotonic risk-maturity relation. This relation is more pronounced in case of loans to commercially active individuals (relative to SMEs), relatively high asymmetric information, and low borrower bargaining power. Our results are consistent with both theoretical models on adverse selection and the view that relationship lenders provide liquidity insurance to certain borrowers
This study examines how the relationship between a lender and a borrower influences access to credit...
Over the past decade, the distances between small businesses and their bank lenders have increased s...
This paper analyzes the factors that influence the maturity choice of private mortgage borrowers. Us...
We investigate the relationship between borrower risk and loan maturity in small business lending. U...
This paper examines the interactive effects of risk ratings and banking relationships on debt maturi...
We investigate what determines the maturity of loans to small, informationally opaque businesses.We ...
This paper investigates the determinants of loan maturity of small and medium enterprises (SMEs) in ...
Banks are in the business of lending to risky and hard-to-value businesses. This paper show that bot...
In this paper we report that, although medium-maturity loans originated under the SBA 7(a) loan guar...
Once a firm decides to issue debt, the characteristics of this debt instrument should be considered....
We analyze the implications of the dynamics of credit scores for small businesses; strategies for ba...
The financial intermediation literature on small business lending focuses on the determinants and co...
This thesis explores factors that influence lending officers' assessments of credit requests from gr...
This article examines the association between bank debt maturity and relationship lending using a un...
Building on the literatures on asymmetric information and risk taking, this paper applies conjoint e...
This study examines how the relationship between a lender and a borrower influences access to credit...
Over the past decade, the distances between small businesses and their bank lenders have increased s...
This paper analyzes the factors that influence the maturity choice of private mortgage borrowers. Us...
We investigate the relationship between borrower risk and loan maturity in small business lending. U...
This paper examines the interactive effects of risk ratings and banking relationships on debt maturi...
We investigate what determines the maturity of loans to small, informationally opaque businesses.We ...
This paper investigates the determinants of loan maturity of small and medium enterprises (SMEs) in ...
Banks are in the business of lending to risky and hard-to-value businesses. This paper show that bot...
In this paper we report that, although medium-maturity loans originated under the SBA 7(a) loan guar...
Once a firm decides to issue debt, the characteristics of this debt instrument should be considered....
We analyze the implications of the dynamics of credit scores for small businesses; strategies for ba...
The financial intermediation literature on small business lending focuses on the determinants and co...
This thesis explores factors that influence lending officers' assessments of credit requests from gr...
This article examines the association between bank debt maturity and relationship lending using a un...
Building on the literatures on asymmetric information and risk taking, this paper applies conjoint e...
This study examines how the relationship between a lender and a borrower influences access to credit...
Over the past decade, the distances between small businesses and their bank lenders have increased s...
This paper analyzes the factors that influence the maturity choice of private mortgage borrowers. Us...