Elsas, Ralf; Krahnen, Jan Pieter - Center for Financial Studies <Frankfurt, Main> - 2002
, thus relying on real information used in the process of bank credit decision-making. In particular,risk assessment is … derived from bank internal borrower ratings and a new proxy for identifying relationshiplending is used. Furthermore, our data … strengthening the bank’s bargaining power in future renegotiations.This interpretation is strongly supported by our analysis of bank …