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Title:From soft and hard-nosed bankers: bank lending strategies and the survival of financially distressed firms PDF Logo
Authors:Höwer, Daniel
Issue Date:2009
Series/Report no.:ZEW Discussion Papers 09-059
Abstract:Do private banks act as hard-nosed bankers when firms get financially distressed compared to public banks that have the mandate to support regional economy? For German firms in the period 2000-2005, I find that the probability of leaving the market after financial distress is higher for firms financed by private banks. The effects of different lending strategies are even larger for cooperative banks than for public banks.
Subjects:financially distressed firms
bank lending
public banks
cooperative banks
JEL:G21
G33
L14
Document Type:Working Paper
Appears in Collections:Publikationen von Forscherinnen und Forschern des ZEW
ZEW Discussion Papers

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