intensive interaction between banks and firms, often described as Hausbank relationships. Links between banks and firms include … what non-bank shareholders achieve. Proxy-voting rights apparently do not provide a significant means for banks to exert … management control. Most of the recent evidence regarding small firms suggests that a Hausbank relationship can indeed be …

intensive interaction between banks and firms, often described as Hausbank relationships. Links between banks and firms include … goes beyond what non-bank shareholders achieve. Proxy-voting rights apparently do not provide a significant means for banks … to exert management control. Most of the recent evidence regarding small firms suggests that a Hausbank relationship can …

We studied information and interaction processes in six lending relationships between a universal bank and medium sized …, bank monitoring is based mainly on cheap, retrospective and internal data. In case of distress, more expensive, prospective … firm's investments might leave the bank in a very strong bargaining position and distort investment incentives. Therefore …

examination of credit files of five leading German banks, thus relying on information actually used in the process of bank credit … decision-making and contract design. In particular, bank internal borrower ratings serve to evaluate borrower quality, and the … bank's own assessment of its housebank status serves to identify information-intensive relationships. Additionally, we used …

The German financial market is often characterized as a bank-based system with strong bank-customer relationships. The … information that is directly related to actual credit decisions. In particular, we use bank-internal borrower rating data to … evaluate borrower quality, and the bank's own assessment of its housebank status to control for information …

This paper analyses the role of collateral in loan contracting when companies are financed by multiple bank lenders and … relationship lending increases the likelihood that a bank invests in a risky workout of distressed borrowers. Both findings support …

The German financial system is the archetype of a bank-dominated system. This implies that organized equity markets are …