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This paper investigates whether small firms have experienced worse tightening of credit conditions during the Great Recession than large firms. To structure the empirical analysis, the paper first develops a simple model of bank loan pricing that derives both the interest rates on loans actually...
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by using other types of financing. The analysis is based on a unique matched data set for Germany that contains firm …
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using other types of financing. The analysis is based on a unique matched data set for Germany that contains firm …
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Utz Claassen war mehr als zehn Jahre lang Konzernchef verschiedener Unternehmen. Ihm sind drei große Unternehmenssanierungen gelungen. Derzeit ist der gefragte Topmanager Unternehmensberater und Unternehmer, Aufsichtsratsmitglied und Wissenschaftler, Autor und Publizist. Er unterrichtet an der...
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