Katalog GES



Relationship lending: empirical evidence for Germany

1st Person: Schmieder, Christian
Additional Persons: Memmel, Christoph; Stein, Ingrid
Type of Publication: Paper
Language: English
Published: Deutsche Bundesbank 2007
Series: Discussion Paper, Series 2: Banking and Financial Supervision
Keywords: Hausbank
Kredit
Klein- und Mittelunternehmen
Deutschland
Relationship lending
Credit
SME
Germany
Online: https://www.econstor.eu/bitstream/10419/19773/1/200714dkp_b.pdf
Description: Relationship lending is a common practice in credit financing all over the world, particularly in Germany. On the basis of a comprehensive data set comprising information on firm-bank relationships for more than 16,000 observations, this study analyses the determinants of relationship lending in Germany. We find that small, young and R&D-intensive firms tend to choose relationship lending. Furthermore, we find that firms with a higher creditworthiness are more likely to choose a relationship lender. We find that the importance of relationship lending stayed roughly constant since the mid 90s.

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