We study whether government subsidies can stimulate bank funding of marginal investment projects and the associated … can use it as an exogenous shock to identify bank responses. On average, firm subsidies do not affect bank lending, but … reduce banks’ distance to default. Average effects conflate important bank-level heterogeneity though. Conditional on various …

sector health. Based on granular bank-firm data pertaining to small and medium-sized enterprises (SME) from five stressed and …

sector health. Based on granular bank-firm data pertaining to small and medium-sized enterprises (SME) from five stressed and …

Theoretically, bank's loan monitoring activity hinges critically on its capitalisation. To proxy for monitoring … governance of the firm. Exploiting granular bank-firm relationships observed in the syndicated loan market, we document …

Does bank instability push borrowers to use crowdfunding as a source of external finance? We identify stressed banks …

Markets Programme (SMP). Using detailed security holdings data at the bank level, we show that banks exposed to this …

multiple technology regimes and group membership probabilities. The latter are conditioned on six bank traits of German banks … specific cost parameters to measure competition with Lerner indices. Large, national universal banks and the smallest, most … specialized banks exhibit the lowest level of competition. In turn, medium sized universal banks are both efficient and exhibit …

. Wir ermitteln die Wahrscheinlichkeit der Gruppenzugehörigkeit (GZW) je Bank in Abhängigkeit von sechs individuellen …