Firm failure and relationship lending: new evidence from small businesses

Gómez-González, José Eduardo; Ruth-Reyes, Nidia

Firm failure and relationship lending: new evidence from small businesses

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Borradores de Economía; No. 638

Date published

2011-01-15

Date

2011-01-15

Authors

Gómez-González, José Eduardo
Ruth-Reyes, Nidia

Document language

spa

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Las opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.

The opinions contained in this document are the sole responsibility of the author and do not commit Banco de la República or its Board of Directors.

Abstract

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