We test whether limited market discipline imposes exit barriers and poor profitability in banking. We exploit an … borrow more at lower cost, increase investment, and exhibit higher employment. Thus, reduced exit frictions in banking seem …

others. We exploit a unique sample to analyze how similarities and social ties affect career outcomes in banking based on age …

identify the effect of bank market power using the dependence on external finance per industry and the regional demarcation of … the German banking market. Market power generally spurs aggregate SME growth. Banks need to realize sufficient margins to … reduces SME growth in industries that depend heavily on external finance. …

Information management is a core process in banking, in particular when lending to small, opaquefirms. But while a more …

With this paper we seek to contribute to the literature on the relation between finance and growth. We argue that most … different economies may drive the result that finance matters. To circumvent these two problems we examine the importance of the … banking pillars active in Germany. …

development is negligible. Also, our results suggest an additional channel through which better banking can spur growth: the …