bank-specific characteristics. Next, we extrapolate and predict the CDS spreads of large banks. The difference between the …

-2010. This study seeks to identify the benefits of bank-firm relationships when credit is unconstrained. By using a unique set of … data collected from a French relationship bank (CMNE), covering the period 1996-2009, the study shows that, depending on … the health of the economy, the benefits of bank-firm relationships may take the form of a weaker credit spread. The …

This paper examines two contrasting interpretations of how bank market concentration (Market Power Hypothesis) and …

Recent regulatory efforts aim at lowering the cyclicality of bank lending because of its potential detrimental effects … on financial stability and the real economy. We investigate the cyclicality of SME lending by local banks with vs …

-sized enterprises (SME). We measure the financing opportunities of SMEs based on the bank debt/assets ratio and the logarithmized credit … on bank credit and as they represent the vast majority of the corporate sector reduced credit availability for those … size and control both explicitly for bank mergers and for the increase in the average bank size in the course of the …

Using micro-level data on the entire population of business loans of a bank-based economy, we empirically test some of … the core predictions of the SME financing literature, examining banks' lending specializations in firm size and lending … that banks of different sizes dedicate similar proportions of loans to relationship lending. However, supporting the SME …