Klappentext: Dienstleistungsbetriebe unterliegen im Vergleich zur materiellen Produktion bei der Gestaltung ihrer Arbeitszeit besonderen Bedingungen. Dieses Buch geht in theoretisch-konzeptioneller Hinsicht von den Einsichten der neueren Systemtheorie aus. Auf der Grundlage von empirischen...

This paper analyzes loan pricing when there is multiple banking and borrower distress. Using a unique data set on SME lending collected from major German banks, we can instrument for effective coordination between lenders, carrying out a panel estimation. The analysis allows to distinguish...

This study analyzes the impact of bank relationships on a firm’s cost of debt. We focus on relationships with the main bank. We find that a firm’s cost of debt decreases with relationship strength, proxied by the share of bank debt provided by the main lender, but rises with relationship...