Behr, Patrick; Foos, Daniel; Norden, Lars - 2015
on financial stability and the real economy. We investigate the cyclicality of SME lending by local banks with vs …. without a public mandate, controlling for location, size, loan maturity, funding structure, liquidity, profitability, and … maximization and a sustainable provision of financial services to local customers. We find that banks with a public mandate are 25 …