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Jahrestagung des Vereins für Socialpolitik 2012: Neue Wege und Herausforderungen für den Arbeitsmarkt des 21. Jh. >

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dc.contributor.authorNeugebauer, Katjaen_US
dc.contributor.authorSpies, Juliaen_US
dc.date.accessioned2012-11-08T17:07:27Z-
dc.date.available2012-11-08T17:07:27Z-
dc.date.issued2012en_US
dc.identifier.urihttp://hdl.handle.net/10419/62066-
dc.description.abstractThe theory of relationship lending is based on the idea that close ties between borrowers and banks may be economically beneficial. Information asymmetries on the part of the bank introduce adverse selection and moral hazard problems into the lending process and may lead to lengthy decision processes and/or reduce the availability of credit for firms. The recent financial and economic crisis, which has been marked by increased uncertainty about the creditworthiness of firms, has reduced the quantity of available credit or raised its costs. Being able to resort to a main bank might reduce the problem of information asymmetries and enable firms to maintain access to credit in times of economic hardship. However, formal studies investigating the role of main banks in dampening the crisis effect on firms global operations are still missing. This paper seeks to fill this gap by explaining crisis-related trade reductions with the bank type used at the firm-level. We find some evidence that using a local bank for external financing reduces the probability of an export decline.en_US
dc.language.isogeren_US
dc.publisherZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft Kiel und Hamburgen_US
dc.relation.ispartofseriesBeiträge zur Jahrestagung des Vereins für Socialpolitik 2012: Neue Wege und Herausforderungen für den Arbeitsmarkt des 21. Jahrhunderts - Session: International Finance A16-V1en_US
dc.subject.jelG20en_US
dc.subject.jelG21en_US
dc.subject.jelF14en_US
dc.subject.ddc330en_US
dc.titleBorrowing Locally, Operating Globally? Financing and Trading Patterns of Firms during the 2007/2008 Economic Crisisen_US
dc.typeConference Paperen_US
dc.identifier.ppn731693663-
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
dc.identifier.repecRePEc:zbw:vfsc12:62066-
Appears in Collections:Jahrestagung des Vereins für Socialpolitik 2012: Neue Wege und Herausforderungen für den Arbeitsmarkt des 21. Jh.

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