From soft and hard-nosed bankers: bank lending strategies and the survival of financially distressed firms

Daniel Höwer
Authors registered in the RePEc Author Service: Daniel Hoewer

No 09-059, ZEW Discussion Papers from ZEW - Leibniz Centre for European Economic Research

Abstract: Do private banks act as hard-nosed bankers when firms get financially distressed compared to public banks that have the mandate to support regional economy? For German firms in the period 2000-2005, I find that the probability of leaving the market after financial distress is higher for firms financed by private banks. The effects of different lending strategies are even larger for cooperative banks than for public banks.

Keywords: financially distressed firms; bank lending; public banks; cooperative banks (search for similar items in EconPapers)
JEL-codes: G21 G33 L14 (search for similar items in EconPapers)
Date: 2009
New Economics Papers: this item is included in nep-ban
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.econstor.eu/bitstream/10419/28609/1/612286533.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:zbw:zewdip:09059

Access Statistics for this paper

More papers in ZEW Discussion Papers from ZEW - Leibniz Centre for European Economic Research Contact information at EDIRC.
Bibliographic data for series maintained by ZBW - Leibniz Information Centre for Economics ().