TY  - UNPD
A1  - Bannier, Christina E.
T1  - Heterogeneous multiple bank financing, optimal business risk and information disclosure
T2  - Universität Frankfurt am Main. Fachbereich Wirtschaftswissenschaften: [Working paper series / Finance and accounting] Working paper series, Finance & Accounting ; No. 148
N2  - Small and medium-sized firms typically obtain capital via bank financing. They often rely on a mixture of relationship and arm’s-length banking. This paper explores the reasons for the dominance of heterogeneous multiple banking systems. We show that the incidence of inefficient credit termination and subsequent firm liquidation is contingent on the borrower’s quality and on the relationship bank’s information precision. Generally, heterogeneous multiple banking leads to fewer inefficient credit decisions than monopoly relationship lending or homogeneous multiple banking, provided that the relationship bank’s fraction of total firm debt is not too large.
T3  - Working paper series / Johann-Wolfgang-Goethe-Universität Frankfurt am Main, Fachbereich Wirtschaftswissenschaften : Finance & Accounting - 148 
KW  - Klein- und Mittelbetrieb
KW  - Risk
KW  - Relationship Lending
KW  - Asymmetric Information
KW  - Liquidity Crisis
KW  - Efficiency
KW  - Kredit
Y1  - 2005
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/3725
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30-17588
IS  - March 2005
PB  - Univ., Fachbereich Wirtschaftswiss.
CY  - Frankfurt am Main
ER  -