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finance and firm activity in Germany in more detail. In particular, we explore a novel data set that matches a full sample of … insensitive to variations in external finance. While German banks affected by the crisis have significantly reduced their credit …
Persistent link: https://www.econbiz.de/10011308436
This paper estimates the exporter premium in bank lending. We examine credit relationships in Germany, covering all …
Persistent link: https://www.econbiz.de/10010230158
examination of credit files of five leading German banks, thus relying on information actually used in the process of bank credit …
Persistent link: https://www.econbiz.de/10009768264
paper to provide a direct comparison between housebanks and "normal" banks as to their credit policy. Therefore, we analyze … a new data set, representing a random sample of borrowers drawn from the credit portfolios of five leading German banks … over a period of five years. We use credit-file data rather than industry survey data and, thus, focus the analysis on …
Persistent link: https://www.econbiz.de/10009768845
Relationship lending is a common practice in credit financing all over the world, particularly in Germany. On the basis … study analyses the determinants of relationship lending in Germany. We find that small, young and R&D-intensive firms tend …
Persistent link: https://www.econbiz.de/10012989287
We exploit the natural experiment of Japan’s opening to international trade to examine how comparative advantage can shape a country’s long-run path towards financial development. In the late 19th century, many of Japan’s prefectures had a natural comparative advantage in silk reeling....
Persistent link: https://www.econbiz.de/10012520208
-the-counter interbank market, our results establish that bank-pair relationships have a significant impact on interbank credit availability … and pricing due to mitigating uncertainty about counterparty credit quality. …
Persistent link: https://www.econbiz.de/10011523828
This paper analyzes the impact of public credit guarantee schemes on the allocation and performance of bank credit … during the COVID-19 crisis. We exploit exhaustive loan-level data from the credit register with unique information on the … from banks to which they have larger pre-COVID credit exposures, measured as the share of the firm’s total credit …
Persistent link: https://www.econbiz.de/10013297111
This paper analyses the role of collateral in loan contracting when companies are financed by multiple bank lenders and relationship lending can be present. We conjecture and empirically validate that relationship lenders, who enjoy an informational advantage over arm's-length banks, are more...
Persistent link: https://www.econbiz.de/10009767124
This study provides direct evidence of the value to banks arising from relationship lending by estimating the market premium placed on banking organizations' small business loan portfolios. Using data from the small business loan survey contained in the June bank Call Reports, we find that small...
Persistent link: https://www.econbiz.de/10014529121