This study investigates whether fluctuations in credit supply in a macroeconomy and a relational bank's financial … effects of credit market tightness are more evident for small firms. Examining firm-bank matched data, we also find that … suggesting that a bank's financial weakness places the leverage of relationship firms into a suboptimal level for a long period …

Analyses of zombie firms have emphasised the role of bank financing as the reason for zombie survival. This conclusion … between zombie survival and bank financing; this result is robust to various measurement and specification issues. Instead, a …

SMEs than big banks. In fact, drawing on an ethnographic study at one German savings bank and one big bank, this paper … shows that the regional savings bank does not always reach credit decisions at a lower distance. However, at the moment when … soft information becomes crucial the big bank decides at a high distance, which is likely to oppress the usage of soft …