Published Online:https://doi.org/10.1287/mnsc.2023.4779

References

  • Acharya VV, Hasan I, Saunders A (2006) Should banks be diversified? Evidence from individual bank loan portfolios. J. Bus. 79(3):1355–1412.CrossrefGoogle Scholar
  • Adelino M, Cunha I, Ferreira MA (2017) The economic effects of public financing: Evidence from municipal bond ratings recalibration. Rev. Financial Stud. 30(9):3223–3268.CrossrefGoogle Scholar
  • Agarwal S, Hauswald R (2010) Distance and private information in lending. Rev. Financial Stud. 23(7):2757–2788.CrossrefGoogle Scholar
  • Altavilla C, Burlon L, Giannetti M, Holton S (2022) Is there a zero lower bound? The effects of negative policy rates on banks and firms. J. Financial Econom. 144(3):885–907.CrossrefGoogle Scholar
  • Banque de France (2005) La monnaies, les placements et les financements. Bull. Banque France 137:11–19.Google Scholar
  • Bardos M (1998) Detecting the risk of company failure at the Banque de France. J. Bank. Finance 22(10):1405–1419.CrossrefGoogle Scholar
  • Beck T, Da-Rocha-Lopes S, Silva AF (2021) Sharing the pain? Credit supply and real effects of bank bail-ins. Rev. Financial Stud. 34(4):1747–1788.CrossrefGoogle Scholar
  • Beck T, Degryse H, De Haas R, Van Horen N (2018) When arm’s length is too far: Relationship banking over the credit cycle. J. Financial Econom. 127(1):174–196.CrossrefGoogle Scholar
  • Berg T, Saunders A, Schäfer L, Steffen S (2021) Brexit and the contraction of syndicated lending. J. Financial Econom. 141(1):66–82.CrossrefGoogle Scholar
  • Berger AN, Bouwman CHS, Kim D (2017) Small bank comparative advantages in alleviating financial constraints and providing liquidity insurance over time. Rev. Financial Stud. 30(10):3416–3454.CrossrefGoogle Scholar
  • Bharath ST, Dahiya S, Saunders A, Srinivasan A (2011) Lending relationships and loan contract terms. Rev. Financial Stud. 24(4):1141–1203.CrossrefGoogle Scholar
  • Bird A, Karolyi SA, Ruchti TG (2019) Information sharing, holdup, and external finance: Evidence from private firms. Rev. Financial Stud. 32(8):3075–3104.CrossrefGoogle Scholar
  • Boissel C, Matray A (2022) Dividend taxes and the allocation of capital. Amer. Econom. Rev. 112(9):2884–2920.Google Scholar
  • Bonfim D, Nogueira G, Ongena S (2020) “Sorry, we’re closed”: Bank branch closures, loan pricing, and information asymmetries. Rev. Finance 25(4):1211–1259.CrossrefGoogle Scholar
  • Boot AWA (2000) Relationship banking: What do we know? J. Financial Intermediation 9(1):7–25.CrossrefGoogle Scholar
  • Boyd JH, De Nicolo G (2005) The theory of bank risk taking and competition revisited. J. Finance 60(3):1329–1343.CrossrefGoogle Scholar
  • Cahn C, Duquerroy A, Mullins W (2019) Unconventional monetary policy and bank lending relationships. Working paper, Banque de France, Paris.Google Scholar
  • Choudhary MA, Limodio N (2022) Liquidity risk and long-term finance: Evidence from a natural experiment. Rev. Econom. Stud. 89(3):1278–1313.CrossrefGoogle Scholar
  • Cornaggia J, Cornaggia KJ, Israelsen RD (2018) Credit ratings and the cost of municipal financing. Rev. Financial Stud. 31(6):2038–2079.CrossrefGoogle Scholar
  • Degryse H, Ongena S (2008) Competition and regulation in the banking sector: A review of the empirical evidence on the sources of bank rents. Thakor A, Boot A, eds. Handbook of Financial Intermediation and Banking (Elsevier, Amsterdam), 483–554.CrossrefGoogle Scholar
  • Degryse H, De Jonghe O, Jakovljević S, Mulier K, Schepens G (2019) Identifying credit supply shocks with bank-firm data: Methods and applications. J. Financial Intermediation 40:100813.CrossrefGoogle Scholar
  • Dell’Ariccia G, Marquez R (2006) Lending booms and lending standards. J. Finance 61(5):2511–2546.CrossrefGoogle Scholar
  • Dell’Ariccia G, Friedman E, Marquez R (1999) Adverse selection as a barrier to entry in the banking industry. RAND J. Econom. 30(3):515–534.CrossrefGoogle Scholar
  • Doblas-Madrid A, Minetti R (2013) Sharing information in the credit market: Contract-level evidence from US firms. J. Financial Econom. 109(1):198–223.CrossrefGoogle Scholar
  • Farinha LA, Santose JAC (2002) Switching from single to multiple bank lending relationships: Determinants and implications. J. Financial Intermediation 11(2):124–151.CrossrefGoogle Scholar
  • Gabrielli D (2007) L’accès des PME aux financements bancaires. Bull. Banque France 165:21–29.Google Scholar
  • Giannetti M, Liberti JM, Sturgess J (2017) Information sharing and rating manipulation. Rev. Financial Stud. 30(9):3269–3304.CrossrefGoogle Scholar
  • Hale G, Santos JAC (2009) Do banks price their informational monopoly? J. Financial Econom. 93(2):185–206.CrossrefGoogle Scholar
  • Hauswald R, Marquez R (2003) Information technology and financial services competition. Rev. Financial Stud. 16(3):921–948.CrossrefGoogle Scholar
  • Hauswald R, Marquez R (2006) Competition and strategic information acquisition in credit markets. Rev. Financial Stud. 19(3):967–1000.CrossrefGoogle Scholar
  • Hertzberg A, Liberti JM, Paravisini D (2011) Public information and coordination: Evidence from a credit registry expansion. J. Finance 66(2):379–412.CrossrefGoogle Scholar
  • Hombert J, Matray A (2016) The real effects of lending relationships on innovative firms and inventor mobility. Rev. Financial Stud. 30(7):2413–2445.CrossrefGoogle Scholar
  • Hombert J, Schoar A, Sraer D, Thesmar D (2020) Can unemployment insurance spur entrepreneurial activity? Evidence from France. J. Finance 75(3):1247–1285.CrossrefGoogle Scholar
  • Houston J, James C (1996) Bank information monopolies and the mix of private and public debt claims. J. Finance 51(5):1863–1889.CrossrefGoogle Scholar
  • Ioannidou V, Ongena S (2010) “Time for a change”: Loan conditions and bank behavior when firms switch banks. J. Finance 65(5):1847–1877.CrossrefGoogle Scholar
  • Jiménez G, Ongena S, Peydró J-L, Saurina J (2012) Credit supply and monetary policy: Identifying the bank balance-sheet channel with loan applications. Amer. Econom. Rev. 102(5):2301–2326.CrossrefGoogle Scholar
  • Jonghe OD, Dewachter H, Mulier K, Ongena S, Schepens G (2020) Some borrowers are more equal than others: Bank funding shocks and credit reallocation. Rev. Finance 24(1):1–43.Google Scholar
  • Khwaja AI, Mian A (2008) Tracing the impact of bank liquidity shocks: Evidence from an emerging market. Amer. Econom. Rev. 98(4):1413–1442.CrossrefGoogle Scholar
  • Kliger D, Sarig O (2000) The information value of bond ratings. J. Finance 55(6):2879–2902.CrossrefGoogle Scholar
  • Levine R, Lin C, Peng Q, Xie W (2020) Communication within banking organizations and small business lending. Rev. Financial Stud. 33(12):5750–5783.CrossrefGoogle Scholar
  • Lévy J, Sauvage F (2003) La cotation Banque de France et le ratio McDonough. Bull. Banque France (112):31–39.Google Scholar
  • Mésonnier J-S, O’Donnell C, Toutain O (2022) The interest of being eligible. J. Money Credit Bank. 54(2–3):425–458.CrossrefGoogle Scholar
  • Morais B, Peydró J-L, Roldán-Peña J, Ruiz-Ortega C (2019) The international bank lending channel of monetary policy rates and QE: Credit supply, reach-for-yield, and real effects. J. Finance 74(1):55–90.CrossrefGoogle Scholar
  • Padilla AJ, Pagano M (1997) Endogenous communication among lenders and entrepreneurial incentives. Rev. Financial Stud. 10(1):205–236.CrossrefGoogle Scholar
  • Puhani PA (2012) The treatment effect, the cross difference, and the interaction term in nonlinear “difference-in-differences” models. Econom. Lett. 115(1):85–87.CrossrefGoogle Scholar
  • Rajan RG (1992) Insiders and outsiders: The choice between informed and arm’s-length debt. J. Finance 47(4):1367–1400.CrossrefGoogle Scholar
  • Rosenbaum PR, Rubin DB (1985) Constructing a control group using multivariate matched sampling methods that incorporate the propensity score. Amer. Statist. 39(1):33–38.CrossrefGoogle Scholar
  • Saidi F, Žaldokas A (2021) How does firms’ innovation disclosure affect their banking relationships? Management Sci. 67(2):742–768.LinkGoogle Scholar
  • Santos JAC, Winton A (2008) Bank loans, bonds, and information monopolies across the business cycle. J. Finance 63(3):1315–1359.CrossrefGoogle Scholar
  • Schäfer L (2019) “Forgive but not forget”: The behavior of relationship banks when firms are in distress. Rev. Finance 23(6):1079–1114.CrossrefGoogle Scholar
  • Schenone C (2009) Lending relationships and information rents: Do banks exploit their information advantages? Rev. Financial Stud. 23(3):1149–1199.CrossrefGoogle Scholar
  • Sharpe SA (1990) Asymmetric information, bank lending, and implicit contracts: A stylized model of customer relationships. J. Finance 45(4):1069–1087.Google Scholar
  • Stevant C (2010) The Banque de France rating system: An asset for the central bank and a tool for commercial banks. Bull. Banque France 180:65–74.Google Scholar
  • Stiglitz JE, Weiss A (1981) Credit rationing in markets with imperfect information. Amer. Econom. Rev. 71(3):393–410.Google Scholar
  • Sutherland A (2018) Does credit reporting lead to a decline in relationship lending? Evidence from information sharing technology. J. Accounting Econom. 66(1):123–141.CrossrefGoogle Scholar
  • Tang TT (2009) Information asymmetry and firms’ credit market access: Evidence from Moody’s credit rating format refinement. J. Financial Econom. 93(2):325–351.CrossrefGoogle Scholar
  • Thadden E-LV (2004) Asymmetric information, bank lending and implicit contracts: The winner’s curse. Finance Res. Lett. 1(1):11–23.CrossrefGoogle Scholar
  • Wooldridge JM (2010) Econometric Analysis of Cross Section and Panel Data (MIT Press, Cambridge, MA).Google Scholar
INFORMS site uses cookies to store information on your computer. Some are essential to make our site work; Others help us improve the user experience. By using this site, you consent to the placement of these cookies. Please read our Privacy Statement to learn more.