Multiple banking relationships: do SMEs mistrust their banks?
| Autor: | Catherine Refait-Alexandre, Stéphanie Serve |
|---|---|
| Přispěvatelé: | Centre de REcherches sur les Stratégies Economiques (UR 3190) (CRESE), Université de Franche-Comté (UFC), Université Bourgogne Franche-Comté [COMUE] (UBFC)-Université Bourgogne Franche-Comté [COMUE] (UBFC), Institut de Recherche en Gestion (IRG), Université Paris-Est Marne-la-Vallée (UPEM)-Université Paris-Est Créteil Val-de-Marne - Paris 12 (UPEC UP12), Laboratoire Chrono-environnement ( LCE ), Université Bourgogne Franche-Comté ( UBFC ) -Centre National de la Recherche Scientifique ( CNRS ) -Université de Franche-Comté ( UFC ), Centre de REcherches sur les Stratégies Economiques - UFC ( CRESE ), Université Bourgogne Franche-Comté ( UBFC ) -Université de Franche-Comté ( UFC ), Centre de sociologie des organisations ( CSO ), Sciences Po-Centre National de la Recherche Scientifique ( CNRS ), Université de Cergy Pontoise ( UCP ), Université Paris-Seine, Centre de REcherches sur les Stratégies Economiques (EA 3190) (CRESE), Théorie économique, modélisation et applications ( THEMA ), Université Paris-Seine-Université Paris-Seine-Centre National de la Recherche Scientifique ( CNRS ), Université Paris Ouest, Nanterre, CRESE, Université Paris-Est Créteil Val-de-Marne - Paris 12 (UPEC UP12)-Université Paris-Est Marne-la-Vallée (UPEM), Centre de sociologie des organisations (Sciences Po, CNRS) (CSO), Sciences Po (Sciences Po)-Centre National de la Recherche Scientifique (CNRS), Institut de Recherche en Gestion ( IRG ), Université Paris-Est Marne-la-Vallée ( UPEM ) -Université Paris-Est Créteil Val-de-Marne - Paris 12 ( UPEC UP12 ), Centre de sociologie des organisations (CSO), Université de Cergy Pontoise (UCP), Serve, Stéphanie, Université Bourgogne Franche-Comté [COMUE] (UBFC)-Université de Franche-Comté (UFC), Théorie économique, modélisation et applications (THEMA), Université Paris-Seine-Université Paris-Seine-Centre National de la Recherche Scientifique (CNRS), Béal, Sylvain |
| Jazyk: | angličtina |
| Rok vydání: | 2020 |
| Předmět: |
[QFIN.GN] Quantitative Finance [q-fin]/General Finance [q-fin.GN]
Exploit media_common.quotation_subject Sample (statistics) Financial system Context (language use) IRG_AXE1 [QFIN.RM]Quantitative Finance [q-fin]/Risk Management [q-fin.RM] Trust banking relationship [ QFIN.GN ] Quantitative Finance [q-fin]/General Finance [q-fin.GN] JEL: G - Financial Economics/G.G2 - Financial Institutions and Services/G.G2.G21 - Banks • Depository Institutions • Micro Finance Institutions • Mortgages Credit rationing 0502 economics and business [QFIN.RM] Quantitative Finance [q-fin]/Risk Management [q-fin.RM] Quality (business) multiple banking relationships 050207 economics [ SHS.GESTION ] Humanities and Social Sciences/Business administration ComputingMilieux_MISCELLANEOUS media_common Small business [ QFIN.RM ] Quantitative Finance [q-fin]/Risk Management [q-fin.RM] [QFIN.GN]Quantitative Finance [q-fin]/General Finance [q-fin.GN] Actuarial science Banking relationships business.industry financial crisis JEL : G - Financial Economics/G.G3 - Corporate Finance and Governance/G.G3.G32 - Financing Policy • Financial Risk and Risk Management • Capital and Ownership Structure • Value of Firms • Goodwill 05 social sciences JEL : G - Financial Economics/G.G2 - Financial Institutions and Services/G.G2.G21 - Banks • Depository Institutions • Micro Finance Institutions • Mortgages JEL: G - Financial Economics/G.G3 - Corporate Finance and Governance/G.G3.G32 - Financing Policy • Financial Risk and Risk Management • Capital and Ownership Structure • Value of Firms • Goodwill Financial crisis Retail banking Business Management and Accounting (miscellaneous) [SHS.GESTION]Humanities and Social Sciences/Business administration 050211 marketing [SHS.GESTION] Humanities and Social Sciences/Business administration business Explanatory power Finance 050203 business & management |
| Zdroj: | Research in International Business and Finance Research in International Business and Finance, Elsevier, 2020, 51, pp.100908. ⟨10.1016/j.ribaf.2018.04.005⟩ Family SME: financing and governance Family SME: financing and governance, Jul 2015, Nanterre, France Research in International Business and Finance, Elsevier, 2018, ⟨10.1016/j.ribaf.2018.04.005⟩ INFER (International Network for Economic Research) INFER (International Network for Economic Research), Jul 2017, Bordeaux, France Family SME: financing and governance, Université Paris Ouest, Nanterre, Jul 2015, Nanterre, France |
| ISSN: | 0275-5319 |
| DOI: | 10.1016/j.ribaf.2018.04.005⟩ |
| Popis: | This article focuses on the use of multiple banking relationships by SMEs, a key issue given their strong dependence on bank financing in a context of increasing financial constraints and higher risk of credit rationing since the crisis. We investigate whether the use of multiple banking relationships is explained by firms’ characteristics or by the quality of the banking relationship. We exploit the results of an original survey conducted on a sample of French SMEs in December 2012. According to the traditional theoretical framework of multiple banking, we find that older, bigger, and better-performing firms are more likely to access multiple banking relationships. We further find that innovative firms are more likely to engage in multiple banking relationships. We also highlight the explanatory power of an alternative model based on the quality of banking relationship: when the manager trusts its main bank, or when he is closer to his loan officer, the firm will be less likely to engage in multiple banking relationships. |
| Databáze: | OpenAIRE |
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