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Advisor(s)
Abstract(s)
Este trabalho final de Mestrado investiga o papel do relacionamento das empresas com o banco e seu impacto nas taxas de juros entre outros fatores. Entre outros fatores, as variáveis estudadas são o número de bancos, a localização geográfica e o tipo de gestão/propriedade da empresa. Com uma amostra de 4478 empresas entre o ano de 2010 e 2017 realizou-se uma regressão simples OLS e o resultado obtido mostra que o tipo de relacionamento com o credor tem um impacto sobre as taxas de juro. As principais evidências deste estudo mostram que informações “soft” são importantes, em especial a localização geográfica e o tipo de tipologia da empresa.
This dissertation paper investigates the role of relationship lending and its impact on interest rate among other factors. Among other variables, the determinants studied are the number of banks, distance from metropolitan areas and type of company ownership/ management. Using a sample of 4478 companies between the year of 2010 and 2017, it was made an OLS regression and the result shows that relationship lending has an impact on interest rates paid to the lender. Evidence shows that soft information is important, especially the geographical location and the type of ownership/management of the company.
This dissertation paper investigates the role of relationship lending and its impact on interest rate among other factors. Among other variables, the determinants studied are the number of banks, distance from metropolitan areas and type of company ownership/ management. Using a sample of 4478 companies between the year of 2010 and 2017, it was made an OLS regression and the result shows that relationship lending has an impact on interest rates paid to the lender. Evidence shows that soft information is important, especially the geographical location and the type of ownership/management of the company.
Description
Keywords
Relação bancária Informação soft Taxas de juro Relationship lending Soft information Interest rates