BazEkon - Biblioteka Główna Uniwersytetu Ekonomicznego w Krakowie

BazEkon home page

Meny główne

Rahman Ashiqur (omas Bata University in Zlin, Czech Republi), Belas Jaroslav (Tomas Bata University in Zlin, Czech Republic), Rosza Zoltan (Public Administration in Bratislava, Slovak Republic), Kliestik Tomas (University of Zilina, Slovak Republic)
Does Bank Ownership Affect Relationship Lending : a Developing Country Perspective
Journal of International Studies, 2017, vol. 10, nr 1, s. 277-288, tab., bibliogr. 36 poz.
Słowa kluczowe
Bankowość, Finanse banków, Małe i średnie przedsiębiorstwa, Pożyczki bankowe
Banking, Banks finance, Small business, Bank loans
Klasyfikacja JEL: G21, L26, O16
summ., The authors are thankful to the Internal Grant Agency of FaME TBU No. IGA/FaME/2017/010: Financial Constraints on Economic Activities, for financial support to carry out this research
In this paper we aim to explore how the type of bank ownership - local private banks, government-owned banks (public banks) and foreign banks - can affect relationship lending to small and medium enterprises (SMEs) by using a unique data set from Bangladeshi banking sector. We found that private banks differ from government-owned and foreign banks in terms of relationship lending and credit facilities to SMEs. More specifically, our results suggest that unlike government and foreign banks, private banks do consider soft information from relationship lending while setting up the loan spread to SMEs. We can also confirm that exclusive banking relationship or repeated banking with private banks can soften credit conditions (loan maturity and covenants). Moreover, we found empirical evidence that banking relationship is important for private banks in terms of SME credit risk evaluation. Finally, as according to our expectation, the results confirm that regardless of prior relationship, private banks are more depended on collateral-based lending to SMEs than government-owned or foreign banks. (original abstract)
Pełny tekst
  1. Adamowicz, M., & Machla, A. (2016). Small and Medium Enterprises and the Support Policy of Local Government. Oeconomia Copernicana, 7(3), 405-437. doi:
  2. Atkinson, A.B., & Stiglitz, J.E. (1980). Lectures on Public Economics. London, McGraw Hill.
  3. Ayyagari, M., Beck, T., & Demirguc-kunt, A. (2007). Small and medium enterprises across the globe. Small Business Economics, 29, 415-434. doi:
  4. Beck, T., Demirguc-Kunt, A., Martinez Peira, M.S. (2011). Bank financing for SMEs: evidence across countries and bank ownership types. Journal of Financial Services Research, 39, pp. 35-54. doi: 10.1007/s10693-010-0085-4
  5. Berger, A.N., & Udell, G.F. (2002). Small business credit availability and relationship lending: the importance of bank organizational structure. The Economic Journal, 112(477), 32-53. doi: 10.1111/1468-0297.00682
  6. Berger, A.N., Goldberg, L.G., & White, L.J. (2001a). The effects of dynamic changes in bank competition on the supply of small business credit. European Financial Review, 5, 115-139.
  7. Berger, A.N., Klapper, L.F., & Udell, G.F. (2001b). The ability of banks to lend to informationally opaque small business. Journal of Banking and Finance, 25, 2127-2167. doi: 10.1016/S0378-4266(01)00189-3
  8. Berger, A.N., Klapper, L.F., Martinez-Peria, M.S., & Zaidi. R. (2008). Bank ownership and banking Relationships. Journal of Financial Intermediation, 17, 37-62. doi: 10.1016/j.jfi.2006.11.001
  9. Chang, C., Liao, G., Yu, X., & Ni, Z. (2014). Information from lending relationship: evidence from loan defaults in China. Journal of Money, Credit and Banking, 46(6), 1225-1257.
  10. Clarke, G., Cull, R., Martinez Peria, M.S., Sanchez, S.M., (2005). Bank lending to small business in Latin America: Does bank origin matter? Journal of Banking Money, Credit, and Banking, 37, 83-118.
  11. D'Aurizio, L., Oliveiro, T., & Romano, L. (2015). Family firms, soft information and bank lending in a financial crisis. Journal of Corporate Finance, 33, 279-292. doi:
  12. Detragiache, E., Tressel, T., & Gupta, P. (2006). Foreign banks in poor countries: Theory and evidence. IMF Working Paper No. 18. International Monetary Fund, Washington DC.
  13. Dolezal, J., Snajdr, J., Belas, J., Vincurova, Z. (2015). Model of the loan process in the context of unrealized income and loss prevention. Journal of International Studies, 8(1), 91-106. doi: 10.14254/2071-8330.2015/8-1/8
  14. Dubravska, M., Mura, L., Kotulic, R., & Novotny, J. (2015). Internationalization of Entrepreneurship-Motivating Factors: Case Study of the Slovak Republic. Acta Polytechnica Hungarica, 12(5), 121-133.
  15. Fiserova, T., Teply, P., & Tripe, D. (2015). The performance of foreign-owned banks in the host country economics. Prague Economic Papers, 24(5), 1-24. doi: 10.18267/j.pep.527
  16. Gormley, S., Kanatas., G., & Venezia, I. (2006). Bank competition in developing countries: does foreign bank entry improve credit access? Mimeo. MIT.
  17. Jimenez, G., Salas, V., Saurina, J. (2006). Determinants of collateral. Journal of Financial Economics, 81, 255-281. doi: 10.1016/j.jfineco.2005.06.003
  18. Kljucnikov A., Belas, J., Kozubikova, L., & Pasekova P. (2016).The Entrepreneurial Perception of SME Business Environment Quality in the Czech Republic. Journal of Competitiveness, 8(1), 66-78.
  19. La Porta, R., Lopez-de-Silances, F., & Shleifer, A. (2002). Government ownership of commercial banks. Journal of Finance, 57(1), 265-301. doi: 10.1111/1540-6261.00422
  20. Menkhoff, L., Neuberger, D., & Rungruxsirivorn, O. (2012). Collateral and its substitutes in emerging markets lending. Journal of Banking and Finance, 36, 817-834.
  21. Mian, A. (2003). Foreign, private domestic, and government banks: New evidence from emerging markets. University of Chicago, Mimeo.
  22. Mian, A. (2006). Distance constraints: the limits of foreign lending in poor economics. Journal of Finance, 61(3), 1465-1505. doi: 10.1111/j.1540-6261.2006.00878.x
  23. Nguyen, S., & Wolfee, S. (2016). Determinants of successful access to bank loans by Vietnamese SMEs: new evidence from the red river delta. Journal of Internet Banking and Commerce, 21(1), 1-23.
  24. Noren, T., & Arenhardt, D. L. (2015). Comparative analysis of innovative activity determinants in selected SMEs in Brazil and Poland. Results of empirical researches. EQUILIBRIUM. Quarterly Journal of Economics and Economic Policy, 10(2), 157-181. doi:
  25. Petersen, M.A., & Rajan, R.G. (2002). Does distance still matter? The information revolution in small business lending. The Journal of Finance, 57, 2533-2570. DOI: 10.1111/1540-6261.00505
  26. Rahman, A., Rahman, M.T., & Kljucnikov, A. (2016a). Collateral and SME Financing: An Analysis Across Bank Size and Bank Ownership Types. Journal of International Studies, 9(2), 112-126.
  27. Rahman, A., Rahman, M.T., & Kljucnikov, A. (2016b). Bank Size, Relationship Lending and SME Financing: Evidence from Bangladesh. Actual Problems of Economics, 183, 294-307.
  28. Sapienza, P. (2004). The effects of government ownership on bank lending. Journal of Financial Economics, 72(2), 357-384. doi: 10.1016/j.jfineco.2002.10.002
  29. Setyawan, A.A., Isa, M., Wajdi, F.M., Symsudin., & Nugroho, P.S. (2015). An assessment of SME competitiveness in Indonesia. Journal of Competitiveness, 7(2), 60-74. doi: 10.7441/joc.2015.02.04
  30. Spoz, A. (2014). Significance of the EU Funds in Investments of Small and Medium-Sized Enterprises. Oeconomia Copernicana, 5(4), 61-74. doi:
  31. Stefanovic, I., Milosevic, D., & Miletic, S. (2009). Significance and development problems of SMEs in contemporary market economy. Serbian Journal of Management, 4(1), 127-136.
  32. Stein, J. (2002). Information production and capital allocation: decentralized vs. hierarchical firms. Journal of Finance, 57, 1891-1921. doi: 10.1111/0022-1082.00483
  33. Stiglitz, J.E. (1993). The role of state in financial markets. Proceedings of the World Bank Annual Conference on Economic Development, Washington DC, International Bank for Reconstruction and Development, World Bank, 19-56.
  34. Straka, J., Birciakova, N., & Stavkova, J. (2015). Impact of SMEs on standard of living on Czech rural households. Economics and Sociology, 8(4), 51-64. doi: 10.14254/2071-789X.2015/8-4/4
  35. Uchida, H., Udell, G.F., & Yamori, N. (2012). Loan officers and relationship lending to SMEs. Journal of Financial Intermediation, 21, 97-122. doi: 10.1016/j.jfi.2011.06.002
  36. Virglerova, Z., Dobes, K, & Vojtovic, S. (2016). The Perception of the State's Influence on its Business Environment in the Small and Medium Size Enterprise segment in the Czech Republic. Administration and Public Management Review, 26, 78-96.
Cytowane przez
Udostępnij na Facebooku Udostępnij na Twitterze Udostępnij na Google+ Udostępnij na Pinterest Udostępnij na LinkedIn Wyślij znajomemu