Asset purchase programmes (APPs) may insulate banks from having to terminate relationships with unproductive customers …. Using administrative plant and bank data, we test whether APPs impinge on industry dynamics in terms of plant entry and exit …. Plants in Germany connected to banks with access to an APP are approximately 20% less likely to exit. In particular …

Asset purchase programmes (APPs) may insulate banks from having to terminate relationships with unproductive customers …. Using administrative plant and bank data, we test whether APPs impinge on industry dynamics in terms of plant entry and exit …. Plants in Germany connected to banks with access to an APP are approximately 20% less likely to exit. In particular …

Asset purchase programmes (APPs) may insulate banks from having to terminate relationships with unproductive customers …. Using administrative plant and bank data, we test whether APPs impinge on industry dynamics in terms of plant entry and exit …. Plants in Germany connected to banks with access to an APP are approximately 20% less likely to exit. In particular …

data permit us to track the privatization process and to estimate the impact of privatization within industry-year cells …

of initially stateowned manufacturing firms in four economies. Controlling for firm and industry-year fixed effects and …