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Can Relationship Banking Survive Competition?

Boot, Arnoud W. A., Thakor, Anjan V.·2000·The Journal of Finance

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Abstract

How will banks evolve as competition increases from other banks and from the capital market? Will banks become more like capital market underwriters and offer passive transaction loans or return to their roots as relationship lending experts? These are the questions we address. Our key result is that as interbank competition increases, banks make more relationship loans, but each has lower added value for borrowers. Capital market competition reduces relationship lending (and bank lending shrinks), but each relationship loan has greater added value for borrowers. In both cases, welfare increases for some borrowers but not necessarily for all.

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Diamond, D. W. (1984) · The Review of Economic Studies · doi:10.2307/2297430 · Cited by 8,476

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“Therefore, loan officers are able to interact with prospective borrowers and generate soft information to mitigate the financial information gap(Boot & Thakor, 2000; Canales & Greenberg, 2016).”
Monopólio Bancário e Espaço: uma análise dos custos de agência e de monitoramento dos bancos no Brasil
Carmo, T. O. D., Santos, G. F., & Ribeiro, C. S. (2024) · REVISTA BRASILEIRA DE ESTUDOS REGIONAIS E URBANOS · doi:10.54766/rberu.v17i1.975
“Os trabalhos de Boot e Thakor (2000) e Kano et al. (2011) apontaram que uma menor concorrência bancária estimula crédito por relação e os custos de adaptação às atividades das firmas seriam minimizados por grandes instituições.”
Background
Examining Market Competition and Financial Stability: An Econometric Analysis of India’s Life and Non-Life Insurance Industry
Kaur, A. (2024) · International Journal For Multidisciplinary Research · doi:10.36948/ijfmr.2024.v06i02.15775
How Thinking about Markets and Institutions Influences Thinking about the Future of Banks
Hübenbecker, U., & Homölle, S. (2024) · Credit and Capital Markets – Kredit und Kapital · doi:10.3790/ccm.57.1-4.1454201
Impact of Political Risk and Competition on Bank Stability: Case of South Asia and China
Akbar, S. W., Rehman, A. U., & Arshad, I. (2023) · Journal of policy research · doi:10.61506/02.00134
Purpose, Culture and Strategy in BankingPreprint
Thakor, A. (2023) · Social Science Research Network · doi:10.2139/ssrn.4559499
Self-citation
An assessment of the risk mitigating factors in Ghana’s Bank Industry
Alnaa, S., & Matey, J. (2023) · Financial Internet Quarterly · doi:10.2478/fiqf-2023-0019

Authors: Boot, A. W. A., & Thakor, A. V.
Affiliations: Tinbergen Institute (NL)
ORCID: Boot, Arnoud W. A.
Thakor, Anjan V.
Venue: The Journal of Finance
Publisher: Wiley
Published: 2000-04
Volume: 55
Issue: 2
Pages: 679-713
ISSN: 0022-1082 (ISSN-L)
1540-6261
DOI: 10.1111/0022-1082.00223
OpenAlex: W2167141920
Cited by: 1,590
References: 0
Citations by year: 2026: 54 · 2025: 80 · 2024: 78 · 2023: 82 · 2022: 60 · 2021: 62 · 2020: 76 · 2019: 76 · 2018: 76 · 2017: 53 · 2016: 62 · 2015: 73 · 2014: 53 · 2013: 81 · 2012: 63
FWCI: 59.16
Type: journal article
Language: en
Open access: closed
Licence: onlinelibrary.wiley.com/termsAndConditions#vor (vor, 990 d)
Locations: The Journal of Finance (publishedVersion)
RePEc: Research Papers in Economics (submittedVersion)
OpenGrey (Institut de l'Information Scientifique et Technique) (submittedVersion)
UvA-DARE (University of Amsterdam) (submittedVersion)
Data Archiving and Networked Services (DANS) (submittedVersion)
Topics: Social Sciences › Economics, Econometrics and Finance › Finance › Banking stability, regulation, efficiency
Social Sciences › Economics, Econometrics and Finance › Finance › Corporate Finance and Governance
Social Sciences › Economics, Econometrics and Finance › Finance › Banking Systems and Strategies
Keywords: relationship banking, relationship lending, bank competition, capital market competition, bank lending, borrower welfare, underwriting

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Can Relationship Banking Survive Competition?

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