Determinantes Del Número De Relaciones Bancarias En Colombia

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Banco de la Republica de Colombia, Revista ESPE - Ensayos sobre Política Económica, ISSN: 0120-4483, Vol: 29, Issue: 65, Page: 176-196, No: 65

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Orozco-Hinojosa, Inés Paola; Gómez-González, José Eduardo; Piñeros-Gordo, José Hernán; Romero-Chamorro, José Vicente
Banco de la República; Banco de la República de Colombia
Economics, Econometrics and Finance; Social Sciences; Bancos; Relaciones bancarias; Modelos de datos de cuenta; G20 - Financial Institutions and Services: General; G21 - Banks; Depository Institutions; Micro Finance Institutions; Mortgages; C40 - Econometric and Statistical Methods: Special Topics: General; Banks; Banking relations; Account data models; Bancos -- Colombia; Relaciones públicas en bancos -- Colombia; Operaciones bancarias -- Colombia; Colombia -- Política monetaria; G20 - Instituciones y servicios financieros: Generalidades; G21 - Bancos; Instituciones de depósito; Instituciones Microfinancieras; Hipotecas; C40 - Métodos econométricos y estadísticos: temas especiales: Generalidades; Bancos, Relaciones bancarias, modelos de datos de cuenta; bancos, relaciones bancarias, mo¬delos de datos de cuenta.
article description
This document provides an introduction to the determinants for the amount of banking relations in the private Colombian business sector. By taking into account similar studies from other countries, we made use of account data models and the calculation of a Poisson model regression, as well as a negative binomial regression model to discover the determinants of the variable of interest. We found that the data display overdispersion; therefore making the negative binomial regression model more adequate to the task than the Poisson model regression, in this context. In this overview, we show that the variables of liquidity, size of business firm, debt characteristics, lending rate, and GDP growth rate turn out to be important factors in determining the amount of banking relations. The fact that banking relations may be affected by economic activity may suggest that in times of economic downturn, companies seek out alternative financing sources.