Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/78265 
Year of Publication: 
1998
Series/Report no.: 
Thünen-Series of Applied Economic Theory - Working Paper No. 18
Publisher: 
Universität Rostock, Institut für Volkswirtschaftslehre, Rostock
Abstract: 
Strong lending relationships between banks and small and medium-sized enterprises (SMEs) play a key role in the bank-based financial system of Germany. So far, they have been mainly described by the notion of an housebank and transactional features of long-term bank-customer relationships. The present paper takes a new look by considering also interactional variables which try to measure social relations between loan officer and firm manager. We find that these variables do affect loan pricing, but that their influence varies according to firm age and housebank status.
Subjects: 
Banking
Relationship Lending
Small Business Finance
JEL: 
G2
L2
Document Type: 
Working Paper

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