verbessern.Kapitel 5 beschäftigt sich schließlich mit dem Einfluss der jüngsten Finanzkrise auf die Kreditverfügbarkeit für KKMU …

Situation auf dem formellen Beteiligungsmarkt in Deutschland nach dem Ausbruch der Finanzkrise. Neben den allgemeinen …

could miss its appropriate settings by as much as 4% p.a. Also, shocks to banking productivity or collateral effectiveness …

provide collateral or a guarantor. …

firms of unobserved credit quality when firms pledge collateral to secure the loans. Loan data from the Spanish Credit … concentration (which is shown to be positively correlated with market power) and with the availability of collateral, although the … increase with the availability of collateral, but the increase is lower for banks operating in more concentrated credit markets …

grants a loan and the location of the borrower) on the use of collateral for business loans by Spanish banks on the basis of … the recent lender based theory of collateral (Inderst and Mueller (2007)). We find that, for the average borrower, the use … of collateral is higher for loans granted by local lenders than by distant ones. We also show that the difference in the …

collateral is one of the defining characteristics of loan contracts. This paper investigates if relationship lending and market … concentration allow for informational rent extraction through collateral. We use equity IPO data as informational shocks that erode … rentseeking opportunities. Using a new loan-level database for China, we find that collateral incidence increases with …