In den letzten zwei Jahren wurde von vielen eine Kreditklemme für die deutschen Unternehmen als reales Problem, oder zumindest als akutes makroökonomisches Risiko, angesehen. Die vorliegende Untersuchung anhand der Bilanzdaten aus dem Jahresabschlussdatenpool der Deutschen Bundesbank macht...

Aggregate loan development typically hinges on a combination of factors that impact simultaneously on the demand and the supply side of bank lending. The financial turmoil starting in mid-2007 had detrimental consequences for banks’ balance-sheets, cost of funds and profitability, thus...

Based on survey data covering 6,547 firms in 10 Central and Eastern European countries we examine the impact of the banking sector environment, as well as the institutional and regulatory environment, on credit constrained firms. We find that small and foreign-owned firms are less likely to...

The question of leasing credit as a substitute or complement of a banking loan has still not been resolved in the financial literature. As a continuation of these arguments, the objective of this article is, on the one hand, to determine the characteristics of firms using leasing credit and on...