Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/23413
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dc.contributor.authorBannier, Christina E.en_US
dc.date.accessioned2009-01-29T16:05:27Z-
dc.date.available2009-01-29T16:05:27Z-
dc.date.issued2005en_US
dc.identifier.urihttp://hdl.handle.net/10419/23413-
dc.description.abstractThis paper studies optimal risk-taking and information disclosure by firms thatobtain financing from both a ?relationship? bank and ?arm?s-length? banks. We findthat firm decisions are asymmetrically influenced by the degree of heterogeneityamong banks: lowly-collateralized firms vary optimal risk and informationprecision along with the degree of relationship lending for projects with lowexpected cash-flows, while highly-collateralized firms do so for projects with highexpected cash-flows. Incidences of inefficient project liquidation are minimized ifthe former firms rely on relationship banking to a low degree, the latter to a largedegree.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseries|aWorking paper series / Johann-Wolfgang-Goethe-Universität Frankfurt am Main, Fachbereich Wirtschaftswissenschaften : Finance & Accounting |x148en_US
dc.subject.jelD82en_US
dc.subject.jelL14en_US
dc.subject.jelG21en_US
dc.subject.ddc330en_US
dc.subject.keywordRisken_US
dc.subject.keywordRelationship Lendingen_US
dc.subject.keywordAsymmetric Informationen_US
dc.subject.keywordLiquidity Crisisen_US
dc.subject.keywordEfficiencyen_US
dc.subject.stwFinanzierungstheorieen_US
dc.subject.stwKrediten_US
dc.subject.stwBanken_US
dc.subject.stwRisikomanagementen_US
dc.subject.stwInvestor Relationsen_US
dc.subject.stwProjektfinanzierungen_US
dc.subject.stwLieferanten-Kunden-Beziehungen_US
dc.subject.stwTheorieen_US
dc.titleHeterogeneous Multiple Bank Financing, Optimal Business Risk and Information Disclosureen_US
dc.typeWorking Paperen_US
dc.identifier.ppn48439102Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-

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