In this paper we investigate whether the banks' involvement in acquisitions is correlated with the distribution of decision-making powers in granting credit to SMEs across hierarchical levels and with loan officers' turnover. Controlling for size, performance and organizational characteristics,...

This paper addresses the implications of the consolidation of the German banking industry in regard to the operation of savings banks. Savings banks are one of the pillars of the Germany’s banking system and the main providers of loans to small and medium firms that are the predominant drivers...