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Deutsche Bundesbank, Forschungszentrum, Frankfurt am Main >
Discussion Paper Series 2: Banking and Financial Studies, Deutsche Bundesbank >
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http://hdl.handle.net/10419/19773
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| Title: | | Relationship lending: empirical evidence for Germany  |
| Authors: | | Schmieder, Christian Memmel, Christoph Stein, Ingrid |
| Issue Date: | | 2007 |
| Series/Report no.: | | Discussion Paper, Series 2: Banking and Financial Supervision 2007,14 |
| Abstract: | | 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. |
| Subjects: | | Relationship banking German banking system SME |
| JEL: | | G21 G32 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Discussion Paper Series 2: Banking and Financial Studies, Deutsche Bundesbank
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