Brunner, Antje; Krahnen, Jan Pieter - 2010
This paper analyzes loan pricing when there is multiple banking and borrower distress. Using a unique data set on SME … estimation. The analysis allows to distinguish between rents that accrue due to single bank lending, rents that accrue due to … relationship lending, and rents that accrue due to the elimination of competition among multiple lenders. We find the relationship …
