So what do I get? The bank's view of lending relationships

摘要: Abstract While many empirical studies document borrower benefits of lending relationships, less is known about lender benefits. A relationship lender's informational advantage over a non-relationship may generate higher probability selling information-sensitive products to its borrowers. Our results show that the providing future loan 42%, while for lender, this 3%. Consistent with theory, we find borrowers greater information asymmetries are significantly likely obtain loans from their lenders. Relationship lenders be chosen provide debt/equity underwriting services, but effect economically small.