Intangible Assets and the Determinants of a Single Bank Relation of German SMEs

Jarko Fidrmuc, Philipp Schreiber and Martin Siddiqui
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Philipp Schreiber: University of Mannheim, Germany
Martin Siddiqui: Zeppelin University Friedrichshafen, Germany

European Journal of Business Science and Technology, 2018, vol. 4, issue 1, 5-30

Abstract: We focus on the determinants and potential benefits of relationship banking. Based on the existing literature and the unique role intangible assets play regarding firms' capital structure, we test two hypotheses using rich data on firm-bank relationships in Germany. We show that firstly, a high share of intangible assets does not worsen the access of firms to debt financing. And secondly, firms with a high share of intangible assets are statistically significantly more likely to choose an exclusive and persistent bank relation.

Keywords: relationship banking; SME; bank lending; capital structure; intangible assets (search for similar items in EconPapers)
JEL-codes: C21 D82 G21 G32 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:men:journl:v:4:y:2018:i:1:p:5-30

DOI: 10.11118/ejobsat.v4i1.130

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