期刊名称：Discussion Papers / Norwegian School of Economics and Business Administration
印刷版ISSN：0804-6824
出版年度：2001
卷号：2001
出版社：Bergen
摘要：This paper studies strategies pursued by banks in order to differentiate
their services from those of their rivals. In that way competition among banks
is softened. More specifically we analyze if the bank size, the bank’s ability
toavoidlosses,anditscapitalratiocanbeusedasstrategicvariablesto
make banks different and increase the interest rates banks can charge their
borrowers in equilibrium. Using a panel of data covering Norwegian banks
between 1993 and 1998 we find empirical support that the ability to avoid
losses, measured by the ratio of loss provisions, may act as such a strategic
variable. Our main finding is that borrowers in the market for credit line loans
may discipline banks to avoid losses. We also find evidence that banks pass on
parts of increases in their operating costs to credit line borrowers. However,
we do not find evidence for the use of high capital ratio as a strategic variable
that borrowers are willing to pay for.
