Das Hausbankprinzip nimmt bei der Finanzierung mittelständischer Unternehmen in Deutschland traditionell eine zentrale Stellung ein. Diese Beziehung unterliegt aktuell einem starken Wandel. Als Konsequenz wird häufig eine Abkehr vom Hausbankprinzip gefordert. Diese Untersuchung widmet sich der...

The question of whether more competition among banks increases relationship banking, which is predicted to improve credit availability for informationally opaque firms in theory, is a controversial issue in the banking literature. By using firm-level survey data in Japan, this paper provides...

Customer concentration increases supplier firms’ operational and financial risks. We posit that, for supplier firms sharing a common auditor with their major customer, creditors would perceive that the financial statements of the suppliers better reflect the inherent uncertainties and...

In this study, we analyze the trading behavior of banks with lending relationships. We combine detailed German data on banks' proprietary trading and market making with lending information from the credit register and then examine how banks trade stocks of their borrowers around important...

We explore how risks propagate through product market input-output networks by constructing degree centrality measures for customer and supplier industries. We find central supplier industries have higher market risks than central customer industries and posit that the provision of trade credit...