This is the first study which analyzes the effect of relationship lending on accounting conservatism for private firms, and how this affects corporate finance. Based on a database containing the financial accounting data of approx. 8,600 private German firms, we first show that relationship...

We analyze economic features and consequences of those Eurobond proposals, which are in our view the most important and the most diverging ones and require different legal changes. These include all three proposals in the green book of the EU-commission, among them the Delpla von Weizsäcker...