Strong lending relationships between banks and small and medium-sized enterprises (SMEs) play a key role in the bank …-based financial system of Germany. So far, they have been mainly described by the notion of a housebank and transactional features of … long-term bank-customer relationships. In contrast, the present paper also considers interactional variables which try to …

estimation. The analysis allows to distinguish between rents that accrue due to single bank lending, rents that accrue due to …This paper analyzes loan pricing when there is multiple banking and borrower distress. Using a unique data set on SME … against hold-up. -- Banking Competition ; Coordination ; Distress ; Credit Spread ; Hold-up …