Firm Failure and Relationship Lending: New Evidence from Small Businesses

Número: 
638
Publicado: 
Clasificación JEL: 
G20, G21, C40
Palabras clave: 
Firms, bank relationships, survival analysis

We study the effect of relationship lending on small firms' failure probability using a uniquely rich data set comprised of information on individual loans of a large number of small firms in Colombia. We control for firm-specific variables and find that