risk factors, we separate the bank-specific selection and monitoring abilities from the composition of the loan portfolio …, on average, lower loan losses, (b) the loss rate of a given industry in a bank's loan portfolio is lower if the bank has …

effects of banking consolidation in Germany. As small and medium sized German companies traditionally almost exclusively rely … on bank credit and as they represent the vast majority of the corporate sector reduced credit availability for those … banking consolidation in Germany does not have a significant negative impact on the financing of small and medium …