Using a comprehensive dataset on the incidence of price-fixing across British manufacturing industries in the 1950s, I compare collusive and competitive industries and find evidence of a negative relationship between collusion and the labour productivity of larger firms relative to smaller...

In this paper, we focus on small business enterprises (SBEs) that usually have low market power but can rely on retailers to transact sales and gain the ability to disclose quality information. Moreover, consumer loss aversion (CLA) is pronounced when buying from SBEs that have yet to develop a...

Einführung -- Controlling als integrierte Aufgabe der Unternehmensführung in mittelständischen Bauunternehmen -- Das baubetriebliche Rechnungswesen als Informationsbasis für das Unternehmenscontrolling in mittelständischen Bauunternehmen -- Unternehmenscontrolling in mittelständischen...

This study analyzes the impact of bank relationships on a firm’s cost of debt. We focus on relationships with the main bank. We find that a firm’s cost of debt decreases with relationship strength, proxied by the share of bank debt provided by the main lender, but rises with relationship...

Strong lending relationships between banks and small and medium-sized enterprises (SMEs) play a key role in the bank-based financial system of Germany. So far, they have been mainly described by the notion of an housebank and transactional features of long-term bank-customer relationships. The...

This study analyzes the impact of bank relationships on a firm's cost of debt. We focus on relationships with the main bank. We find that a firm's cost of debt decreases with relationship strength, proxied by the share of bank debt provided by the main lender, but rises with relationship length....