This paper analyzes banks choice between lending to firms individually and sharing lending with other banks, when firms … and banks are subject to moral hazard and monitoring is essential. Multiple-bank lending is optimal whenever the benefit …. The model predicts a greater use of multiple-bank lending when banks are small relative to investment projects, firms are …

. Allegedly, these relationships promote investment and improve the performance of firms. Furthermore, German universal banks are … intensive interaction between banks and firms, often described as Hausbank relationships. Links between banks and firms include …, German universal banks are frequently accused of abusing their influence on firms by exploiting rents and sustaining the …

are able to explain the financial performance of bank lending activities. The analysis is based on the CFS-data-set that …

This paper analyzes banks’ choice between lending to firms individually and sharing lending with other banks, when … firms and banks are subject to moral hazard and monitoring is essential. Multiple-bank lending is optimal whenever the …. The model predicts a greater use of multiple-bank lending when banks are small relative to investment projects, firms are …

. Allegedly, these relationships promote investment and improve the performance of firms. Furthermore, German universal banks are … intensive interaction between banks and firms, often described as Hausbank relationships. Links between banks and firms include …, German universal banks are frequently accused of abusing their influence on firms by exploiting rents and sustaining the …

little support for claims that fair-value accounting leads to excessive write-downs of banks' assets. If anything, empirical …