文章基本信息

标题：Specialization in bank lending: evidence from exporting firms
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作者：Daniel Paravisini ; Veronica Rappoport ; Philipp Schnabl 等
期刊名称：CEP Discussion Paper
出版年度：2017
卷号：2017
语种：English
出版社：Centre for Economic Performance
摘要：We develop an empirical approach for identifying specialization in bank lending using granular data on borrower activities. We illustrate the approach by characterizing bank specialization by export market, combining bank, loan, and export data for all firms in Peru. We find that all banks specialize in at least one export market, that specialization affects a firm's choice of new lenders and how to finance exports, and that credit supply shocks disproportionately affect a firm's exports to markets where the lender specializes in. Thus, bank market-specific specialization makes credit difficult to substitute, with consequences for competition in credit markets and the transmission of credit shocks to the economy.
关键词：banking;export finance;specialization