Resource title

Relationship lending: empirical evidence for Germany

Resource image

image for OpenScout resource :: Relationship lending: empirical evidence for Germany

Resource description

Relationship lending is a common practice in credit financing all over the world, particularly in Germany. On the basis of a comprehensive data set comprising information on firm-bank relationships for more than 16,000 observations, this study analyses the determinants of relationship lending in Germany. We find that small, young and R&D-intensive firms tend to choose relationship lending. Furthermore, we find that firms with a higher creditworthiness are more likely to choose a relationship lender. We find that the importance of relationship lending stayed roughly constant since the mid 90s.

Resource author

Christian Schmieder, Christoph Memmel, Ingrid Stein

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/19773

Resource license

Adapt according to the presented license agreement and reference the original author.