Do firms select their main bank relationship according to their risk or risk preferences? Relationship banking is attractive for high risk firms since it improves their access to finance and provides liquidity insurance. Low risk firms instead may not want to bear the additional costs. I employ...

Do private banks act as hard-nosed bankers when firms get financially distressed compared to public banks that have the mandate to support regional economy? For German firms in the period 2000-2005, I find that the probability of leaving the market after financial distress is higher for firms...

Sowohl in der politischen als auch in der wissenschaftlichen Diskussion zum Thema Unternehmensgründungen werden anspruchsvolle Erwartungen an die von jungen Unternehmen ausgehenden Wirkungen formuliert. Von einer regen Gründungstätigkeit erhofft man sich eine Verbesserung der...