Table 1

Definition of the variables

Variable NameDescriptionUnit, values and measurementSource
RelationshipsLargest shareConcentration (largest share) of bank relationship%Survey Q-2a
Switching behaviorStopIf the company has stopped a relationship with a bank in the recent past1= yes, 0= noSurvey Q-5b
ReducedIf the company has reduced the services from a bank in the recent past1= yes, 0= noSurvey Q-5a
Decision factorsImportant when choosing banks  
  4=Most important/3=Rather important/2=Rather unimportant/1=Not important 
ReputationReputation of the bank4, 3, 2 or 1Survey Q-12
PricePrice offered4<<1, average of two responsesSurvey Q-8 and Q-12
LocationLocation of the bank4, 3, 2 or 1Survey Q-8
SpeedSpeed in processing by the bank4, 3, 2 or 1Survey Q-8
NegotiationEase of negotiation with the bank4, 3, 2 or 1Survey Q-8
ConsultancyConsultancy by the bank4<<1, average of two responsesSurvey Q-8
Corporate cultureBank’s image suit corporate culture4, 3, 2 or 1Survey Q-8
ServicesQuality of bank’s services4<<1, average of two responsesSurvey Q-8 and Q-12
NetworkNetwork of the bank4<<1, average of two responsesSurvey Q-12
Market dominancyMarket dominancy of the bank4, 3, 2 or 1Survey Q-12
RelationshipPersonal relationship with the bank4, 3, 2 or 1Survey Q-12
Decision makerCFOWho is responsible in choosing banks?1= CFO decides
0= Parent company or the board decides
Survey Q-11b
Decision processInformation used when choosing banks
 Tender info(Public) tendering1= yes, 0= noSurvey Q-11a
 Offer infoReceived/requested offers1= yes, 0= noSurvey Q-11a
 Recommendation infoRecommendation1= yes, 0= noSurvey Q-11a
Relationship controlsBank services the company currently uses 
(Scope)LendingLending and structured finance services1= yes, 0= noSurvey Q-6a
 Asset managementAsset management, custody/depository services and debt market instruments1= yes, 0= noSurvey Q-6a
 Commercial financeExport finance, factoring/commercial finance and leasing1= yes, 0= noSurvey Q-6a
Firm controlsOwnershipSole proprietorship, partnership etc. Survey
 Firm sizeNo. of employees Survey
Bank controlsLog bank branchesLog of “Number of bank branches” in Pakistan Website of respective bank
 Log bank employeesLog of “Number of bank employees” in Pakistan Website of respective bank
 Bank's market shareAdvances to SME’s Website of respective bank

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