'relationship' bank and 'arm's-length' banks. We find that firm decisions are asymmetrically influenced by the degree of …

value of the bank's inside collateral, this result indicates that empirical studies on debt securization and financial …

, small, and innovative firms) have a multitude of bank lenders, where one may be special in the sense of relationship lending …. However, theory does not tell us a lot about the economic rationale for relationship lending in the context of multiple bank … financing. To fill this gap, we analyze the optimal debt structure in a model that allows for multiple but asymmetric bank …

Small and medium-sized firms typically obtain capital via bank financing. They often rely on a mixture of relationship …'s quality and on the relationship bank's information precision. Generally, heterogeneous multiple banking leads to fewer … bank's fraction of total firm debt is not too large. …

Strong lending relationships between banks and small and medium-sized enterprises (SMEs) play a key role in the bank … long-term bank-customer relationships. The present paper takes a new look by considering also interactional variables which …