Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/19773
Year of Publication: 
2007
Series/Report no.: 
Discussion Paper Series 2 No. 2007,14
Publisher: 
Deutsche Bundesbank, Frankfurt a. M.
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

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