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| Author: | Neuberger, D. Räthke, S. |
| Title: | Microenterprises and multiple bank relationships: The case of professionals |
| Journal: | Small business economics
2009 : FEB, VOL. 32:2, p. 207-229 |
| Index terms: | banks customer relations small business financing Germany |
| Freeterms: | relationship banking |
| Language: | eng |
| Abstract: | This paper focuses on professionals as a special group of microenterprises. Using data from a survey from Germany in 2002, their characteristics and financial relationships (here as: r-ship/s) are explained. Consistent with the theory of asymmetric information and r-ship/s lending, it is found that these firms maintain a small number of bank r-ship/s, which increases in firm size and age. They are inclined to choose multiple banking r-ship/s to overcome credit rationing and finance larger loans. The structure of the banking market and credit risk do not seem to matter. |
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