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Bank Involvement with SMEs : Beyond Relationship Lending

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dc.contributor.authorde la Torre, Augusto
dc.contributor.authorSchmukler, Sergio L.
dc.date.accessioned2012-03-30T07:33:34Z
dc.date.available2012-03-30T07:33:34Z
dc.date.issued2010
dc.description.abstractThe "conventional wisdom" in academic and policy circles argues that, while large and foreign banks are generally not interested in serving SMEs, small and niche banks have an advantage because they can overcome SME opaqueness through relationship lending. This paper shows that there is a gap between this view and what banks actually do. Banks perceive SMEs as a core and strategic business and seem well-positioned to expand their links with SMEs. The intensification of bank involvement with SMEs in various emerging markets is neither led by small or niche banks nor highly dependent on relationship lending. Moreover, it has not been derailed by the 2007-2009 crisis. Rather, all types of banks are catering to SMEs and large, multiple-service banks have a comparative advantage in offering a wide range of products and services on a large scale, through the use of new technologies, business models, and risk management systems.en
dc.identifier.citationJournal of Banking and Finance
dc.identifier.issn03784266
dc.identifier.urihttps://hdl.handle.net/10986/5589
dc.language.isoEN
dc.rightsCC BY-NC-ND 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/igo
dc.subjectBanks
dc.subjectOther Depository Institutions
dc.subjectMicro Finance Institutions
dc.subjectMortgages G210
dc.subjectFinancial Institutions and Services: Government Policy and Regulation G280
dc.subjectFirm Performance: Size, Diversification, and Scope L250
dc.subjectMicroeconomic Analyses of Economic Development O120
dc.subjectEconomic Development: Financial Markets
dc.subjectSaving and Capital Investment
dc.subjectCorporate Finance and Governance O160
dc.subjectSocialist Enterprises and Their Transitions P310
dc.subjectSocialist Institutions and Their Transitions: Financial Economics P340
dc.titleBank Involvement with SMEs : Beyond Relationship Lendingen
dc.title.alternativeJournal of Banking and Financeen
dc.typeJournal Articleen
dc.typeArticle de journalfr
dc.typeArtículo de revistaes
dspace.entity.typePublication
okr.doctypePublications & Research::Journal Article
okr.doctypePublications & Research
okr.externalcontentExternal Content
okr.identifier.externaldocumentum506
okr.journal.nbpages2280-2293
okr.language.supporteden
okr.peerreviewAcademic Peer Review
okr.relation.associatedurlhttp://dx.doi.org/10.1016/j.jbankfin.2010.02.014
okr.relation.associatedurlhttp://search.ebscohost.com/login.aspx?direct=true&db=eoh&AN=1125601&site=ehost-live
okr.relation.associatedurlhttp://www.elsevier.com/wps/find/journaldescription.cws_home/505558/description#description
okr.volume34
relation.isAuthorOfPublication35317b87-0569-5cde-bb5e-db1a425e6889
relation.isAuthorOfPublicationad1ad457-a974-53de-815c-c7010e0fdd74
relation.isAuthorOfPublication.latestForDiscovery35317b87-0569-5cde-bb5e-db1a425e6889
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