This paper analyzes loan pricing when there is multiple banking and borrower distress. Using a unique data set on SME … lending collected from major German banks, we can instrument for effective coordination between lenders, carrying out a panel … estimation. The analysis allows to distinguish between rents that accrue due to single bank lending, rents that accrue due to …

In the recent theoretical literature on lending risk, the coordination problem in multi-creditor relationships have … pools, a legal institution aiming at coordinating lender interests in borrower distress. We report three major findings … coordination costs being positively related to pool size. Third, major determinants of pool formation are found to be the number of …

We analyse the coordination problem in multi-creditor relationships empirically, relying on a unique panel data set … creditor pools, a legal institution aiming at coordinating lender interests in borrower distress. We report three major … consistent with coordination costs being positively related to pool size. Third, major determinants of pool formation are found …

bank pools increases the probability of workout success and that coordination costs are positively related to pool size. We …In the recent theoretical literature on lending risk, the common pool problem in multi-bank relationships has been … credit-fie information on distressed lending relationships in Germany. In particular, it includes information on bank pools …

German banks experienced a merger wave throughout the 1990s. However, the success of bank mergers remains a continuous …

failures neglect the ordinal nature of bank distress. Exploiting the distress database of the Deutsche Bundesbank we … distinguish four different distress events that banks experience. Only the worst entails a bank to exit the market. Weaker orders …Outright bank failures without prior indication of financial instability are very rare. Supervisory authorities monitor …

, bank monitoring is based mainly on cheap, retrospective and internal data. In case of distress, more expensive, prospective …We studied information and interaction processes in six lending relationships between a universal bank and medium sized … firm's investments might leave the bank in a very strong bargaining position and distort investment incentives. Therefore …

asymmetric bank borrowing is widespread. This paper investigates the determinants of creditor concentration for German firms … using a comprehensive bank-firm level dataset for the time period between 1993 and 2003. We document that lending is very … public sector bank and if the other banks are large or do not have to tie up additional funds in capital. …