's quality and on the relationship bank's information precision. Generally, heterogeneous multiple banking leads to fewer … inefficient credit decisions than monopoly relationship lending or homogeneous multiple banking, provided that the relationship …Small and medium-sized firms typically obtain capital via bank financing. They often rely on a mixture of relationship …

This paper analyzes the effects of bank mergers on bank firm relationships. Using matched bank-firm level data, I find … positive effects of mergers for borrowers that continue the lending relationship with the consolidated bank. On average … market overlap, the decline is much smaller when there is a significant increase in local banking market concentration. …

This paper examines the conditions for credit volume or borrower rationing in a competitive credit market in which the … project characteristics are private information of the borrowers. There can only be credit volume rationing if the higher …-risk credit applicants have a higher return in the event of a project success than the lower-risk credit applicants. Then the …

An important theoretical literature motivates collateral as a mechanism that mitigates adverse selection, credit …

balance sheets. Looking forward, it is vital that economic recovery in Europe is not constrained by an impaired banking sector …. This paper provides an overview of the drivers of the stagnation of bank lending in Europe and discuss four main areas of … opportunity for mitigating potential bank lending constraints: the further development of direct capital market financing …

We study the effect of financial distress in foreign parent banks on local SME financing in 14 central and eastern …-applicant firms that enable us to disentangle effects driven by shocks to the banking system from recession-driven demand shocks that … may vary across lenders. We find strong evidence that credit tightened in the relatively early stages of the crises caused …

the German banking market. Market power generally spurs aggregate SME growth. Banks need to realize sufficient margins to …We test how bank market power influences technical change and resource allocation of informationally opaque firms. We … use a dataset with approximately 700,000 firm-year observations of German small and medium-sized enterprises (SME) to …