Are SMEs locked in relationships with their banks?

Krzysztof Jackowicz; Łukasz Kozłowski

doi:10.5771/0949-6181-2022-1-11

Contents
- Chapter Expand | CollapseAuthorsPage
- 1–3 Titelei/Inhaltsverzeichnis 1–3
- 4–7 Editorial 4–7
- 8–10 Editorial Statistics 2021 8–10
- 11–156 Articles 11–156
  - 11–30 Are SMEs locked in relationships with their banks? Krzysztof Jackowicz, Łukasz Kozłowski Krzysztof Jackowicz, Łukasz Kozłowski 11–30
  - 31–63 Job Attribute Preferences of Incoming University Students and Newly-Hired Employees in the Context of the Romanian Labour Market Loredana Mihalca, Christoph Mengelkamp, Gabriela Brendea, Metz Loredana Mihalca, Christoph Mengelkamp, Gabriela Brendea, Metz 31–63
  - 64–86 Can job crafting be a remedy for struggling with work alienation? The moderator effect of perceived supervisor support Esra Aydın, Esra Çınar, H. Nejat Basım Esra Aydın, Esra Çınar, H. Nejat Basım 64–86
  - 87–105 Institutional investors and company market value – the case of Poland Dominika Bosek-Rak Dominika Bosek-Rak 87–105
  - 106–129 Public Support to Research and Innovation: Do European Resources Boost Innovation Outputs? Vladimír Baláž, Tomáš Jeck Vladimír Baláž, Tomáš Jeck 106–129
  - 130–156 The importance of employees' work satisfaction in family enterprises: a case study of the post-transition economy Maja Rožman, Polona Tominc Maja Rožman, Polona Tominc 130–156
- 157–172 Research Notes 157–172
  - The Relevance of Soft Skills for Entrepreneurs Fernando Almeida, Vladan Devedzic Fernando Almeida, Vladan Devedzic
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JEEMS Journal of East European Management Studies , page 11 - 30

Are SMEs locked in relationships with their banks?

Autoren

Krzysztof Jackowicz Łukasz Kozłowski

DOI
- doi.org/10.5771/0949-6181-2022-1-11
- ISSN: 0949-6181
- ISSN online: 1862-0019
Abstract

In this study, we investigate whether SMEs are locked in relationships with their banks. We combine data concerning Polish SMEs, including a survey about relationships with main banks. After estimating dynamic panel models, we find that the length of a bank-firm relationship increases firms’ interest costs, slows down investments and sales growth but is irrelevant for firms’ profitability. Therefore, our evidence supports the view that the collection of private data by a bank may “lock” a firm in the existing relationship with the bank, permit this lender to extract information monopoly rents, and force the SME to incur the so-called hold-up costs.
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