Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/23413 
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dc.contributor.authorBannier, Christina E.en
dc.date.accessioned2009-01-29T16:05:27Z-
dc.date.available2009-01-29T16:05:27Z-
dc.date.issued2005-
dc.identifier.urihttp://hdl.handle.net/10419/23413-
dc.description.abstractThis paper studies optimal risk-taking and information disclosure by firms that obtain financing from both a 'relationship' bank and 'arm's-length' banks. We find that firm decisions are asymmetrically influenced by the degree of heterogeneity among banks: lowly-collateralized firms vary optimal risk and information precision along with the degree of relationship lending for projects with low expected cash-flows, while highly-collateralized firms do so for projects with high expected cash-flows. Incidences of inefficient project liquidation are minimized if the former firms rely on relationship banking to a low degree, the latter to a large degree.en
dc.language.isoengen
dc.publisher|aJohann Wolfgang Goethe-Universität Frankfurt am Main, Fachbereich Wirtschaftswissenschaften |cFrankfurt a. M.en
dc.relation.ispartofseries|aWorking Paper Series: Finance & Accounting |x148en
dc.subject.jelD82en
dc.subject.jelL14en
dc.subject.jelG21en
dc.subject.ddc330en
dc.subject.keywordRisken
dc.subject.keywordRelationship Lendingen
dc.subject.keywordAsymmetric Informationen
dc.subject.keywordLiquidity Crisisen
dc.subject.keywordEfficiencyen
dc.subject.stwFinanzierungstheorieen
dc.subject.stwKrediten
dc.subject.stwBanken
dc.subject.stwRisikomanagementen
dc.subject.stwInvestor Relationsen
dc.subject.stwProjektfinanzierungen
dc.subject.stwLieferanten-Kunden-Beziehungen
dc.subject.stwTheorieen
dc.titleHeterogeneous Multiple Bank Financing, Optimal Business Risk and Information Disclosure-
dc.typeWorking Paperen
dc.identifier.ppn48439102Xen
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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