A puzzling but consistent result in the empirical literature on banking is that firms with close bank ties do not grow … faster than bank-independent firms. In this paper, we reconsider the link between relationship lending and firms' growth … and health status. We explore the influence of long-lasting bank relationships on employment and asset growth of a large …

, small, and innovative firms) have a multitude of bank lenders, where one may be special in the sense of relationship lending …. However, theory does not tell us a lot about the economic rationale for relationship lending in the context of multiple bank … financing. To fill this gap, we analyze the optimal debt structure in a model that allows for multiple but asymmetric bank …

Small and medium-sized firms typically obtain capital via bank financing. They often rely on a mixture of relationship …'s quality and on the relationship bank's information precision. Generally, heterogeneous multiple banking leads to fewer … bank's fraction of total firm debt is not too large. …

, small, and innovative firms) have a multitude of bank lenders, where one may be special in the sense of relationship lending …. However, theory does not tell us a lot about the economic rationale for relationship lending in the context of multiple bank … financing. To fill this gap, we analyze the optimal debt structure in a model that allows for multiple but asymmetric bank …

'relationship' bank and 'arm's-length' banks. We find that firm decisions are asymmetrically influenced by the degree of …

To sustain growth in an aging economy, it is important to ease the financing of small firms by bank loans. Using bank …

asymmetric bank borrowing is widespread. This paper investigates the determinants of creditor concentration for German firms … using a comprehensive bank-firm level dataset for the time period between 1993 and 2003. We document that lending is very … public sector bank and if the other banks are large or do not have to tie up additional funds in capital. …

of a comprehensive data set comprising information on firm-bank relationships for more than 16,000 observations, this …