The development of information and communication technology (ICT) has totally changed, especially in relation to the use of the internet. Smartphones play an important role as media for using the internet. Today, with the rapid development of ICT, almost everyone has a smartphone with good...

The German financial market is often characterized as a bank-based system with strong bank-customer relationships. The corresponding notion of a housebank is closely related to the theoretical idea of relationship lending. It is the objective of this paper to provide a direct comparison between...

In dieser Studie wird den Fragen nachgegangen, welche Rolle die eigene Ausbildung von Fachkräften für die Sicherung des Fachkräftebedarfs bisher gespielt hat und zukünftig spielen wird, insbesondere aber, ob und inwiefern vor allem kleine und mittlere Betriebe Schwierigkeiten haben,...

This paper aims at investigating the relationship between firms' profit efficiency, access to finance and innovation activities. We enrich our understanding on firms' performance by adopting the stochastic frontier approach (SFA), which allows us to estimate profit functions and to obtain...

This paper tests the balance sheet theory, where the status of balance sheets affects the economy´s response to monetary and other shocks. The theory predicts a positive effect of cash flow on investment, given fundamental determinants of investment. I use an empirical method developed by...

Interventions designed to support small and medium enterprises (SMEs) are popular among policy makers, given the role SMEs play in job creation around the world. Business support interventions in low- and middle-income countries (LMICs) are often based on the assumption that market failures and...

This paper takes advantage of access to detailed matched bank-firm data to investigate whether and how employment decisions of SMEs have been affected by credit constraints in the wake of the Great Recession. Variability in banks’ financial health following the 2008 crisis is used as an...