On the Persistence of Relationship Banking Within a Bank-Based Financial System: Post-Crisis Evidence from German Smes

ISBN-13: 9783631802687 / Angielski / Twarda / 2019 / 352 str.

Katharina Sauter

Opis

The financial market environment has undergone a dramatic shift in the past few years as a result of the recent global financial crisis, associated regulatory changes, and new market participants. This study undertook an online survey of 12,169 German SMEs and shows that relationship lending is essential for ensuring financial market stability.

Spis treści

Financial intermediation in the context of principal-agent theory - Characteristics of market- and bank-based financial systems - Relationship lending versus arm's-length lending - The German banking system and disruptive changes - The current transformation of the German banking system - Development of corporate financing of non-financial companies - Regulatory consequences of the 2007-2009 financial crisis - New market entrants into the financial and banking system - SMEs and family firms - Literature review on the economic costs and benefits of relationship banking

O autorze

Katharina Sauter studied Corporate Management and Economics at Zeppelin University. She then pursued a part-time PhD program with a large accountancy firm and completed her PhD on relationship banking at the chair of «Banking and Finance» at Zeppelin University.