The DOI matches its Crossref record.
BANKING RELATIONSHIPS AND THE EFFECT OF MONITORING ON LOAN PRICING
Abstract
In a sample of bank loans to small firms we find a positive relation between the bank's monitoring effort and the loan's interest rate. We also observe an inverse relation between the closeness of banking relationships and interest rates. Further, we see that banks less frequently monitor firms with whom they have closer relationships. We conclude that banking relationships are valuable because firms can significantly reduce their costs of capital by establishing and maintaining close ties to a particular bank. As firms successfully complete loan transactions with banks, banks monitor them less frequently and, ultimately, charge them lower interest rates.
Overview
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Integrity signals
Registry
Cites
Statistics
Verification
Claims the paper makes
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Self-check
Percentages, sums and reported differences re-computed from the paper’s own numbers.
The self-check needs the paper’s full text.
Citations
Cited by
N. Berger, A., & F. Udell, G. (1998) · Journal of Banking & Finance · doi:10.1016/s0378-4266(98)00038-7 · Cited by 3,690
The effects of bank mergers and acquisitions on small business lending
Berger, A. N., Saunders, A., Scalise, J. M., & Udell, G. F. (1998) · Journal of Financial Economics · doi:10.1016/s0304-405x(98)00036-1 · Cited by 827
Is relationship lending special? Evidence from credit-file data in Germany
Elsas, R., & Krahnen, J. P. (1998) · Journal of Banking & Finance · doi:10.1016/s0378-4266(98)00063-6 · Cited by 709
Metadata
- Authors
- Blackwell, D. W., & Winters, D. B.
- Venue
- Journal of Financial Research
- Publisher
- Wiley
- Published
- 1997-06
- Volume
- 20
- Issue
- 2
- Pages
- 275-289
- ISSN
- 0270-2592 (ISSN-L)
- 1475-6803
- OpenAlex
- W2053208593
- Cited by
- 259
- References
- 0
- FWCI
- 16.14
- Type
- journal article
- Language
- en
- Open access
- closed
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.
What counts as a claim ›How we measure confidence ›How we check this ›
Are you an author, or do you see a problem with this page? Request a review
How to cite
Cite CoChat for the checks on this page, and the paper for its own findings.
- This page
- CoChat. (2026). Citation check: BANKING RELATIONSHIPS AND THE EFFECT OF MONITORING ON LOAN PRICING. https://app.cochat.ai/papers/10.1111/j.1475-6803.1997.tb00249.x
- The paper
- Blackwell, D. W., & Winters, D. B. (1997). BANKING RELATIONSHIPS AND THE EFFECT OF MONITORING ON LOAN PRICING. Journal of Financial Research. https://doi.org/10.1111/j.1475-6803.1997.tb00249.x
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
