TY  - UNPD
A1  - Bannier, Christina E.
T1  - Heterogeneous multiple bank financing under uncertainty: does it reduce inefficient credit decisions?
T2  - Universität Frankfurt am Main. Fachbereich Wirtschaftswissenschaften: [Working paper series / Finance and accounting] Working paper series, Finance & Accounting ; No. 149
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 - 149 
KW  - Finanzierungstheorie
KW  - Relationship lending
KW  - Uncertainty
KW  - Asymmetric information
KW  - Credit market competition
KW  - Financial distress
KW  - Kredit
KW  - Bank
KW  - Risikomanagement
KW  - Entscheidung bei Unsicherheit
KW  - Asymmetrische Information
KW  - Lieferanten-Kunden-Beziehung
KW  - Insolvenz
Y1  - 2005
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/3729
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30-17571
PB  - Univ., Fachbereich Wirtschaftswiss.
CY  - Frankfurt am Main
ER  -