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http://hdl.handle.net/10419/19773
  
Title:Relationship lending: empirical evidence for Germany PDF Logo
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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