أعرض تسجيلة المادة بشكل مبسط

dc.creator Baas, Timo
dc.creator Schrooten, Mechthild
dc.date 2005
dc.date.accessioned 2013-10-16T06:59:29Z
dc.date.available 2013-10-16T06:59:29Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/18320
dc.identifier ppn:478660421
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/18320
dc.description Reliable information on small and medium sized enterprises (SMEs) is rare and costly for financial intermediaries. To compensate for this, relationship banking is often considered as the appropriate lending technique in the case of SMEs. In this paper we offer a theoretical model to analyze the pricing behavior of banks in a Bertrand competition framework with monitoring costs. We show that the lack of reliable information leads to comparably high interest rates even if a long-term relationship between borrower and bank exists. The paper offers a theoretical explanation why SME managers consider external finance as a major constraint to their business. (101 words)
dc.language eng
dc.publisher Deutsches Institut für Wirtschaftsforschung (DIW) Berlin
dc.relation DIW-Diskussionspapiere 469
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject G21
dc.subject D82
dc.subject D43
dc.subject M41
dc.subject ddc:330
dc.subject Relationship Banking
dc.subject Financial Constraints
dc.subject Small and Medium Sized Enterprises
dc.subject Accounting
dc.subject Klein- und Mittelunternehmen
dc.subject Verschuldungsrestriktion
dc.subject Kreditgeschäft
dc.subject Theorie
dc.title Relationship Banking and SMEs: A Theoretical Analysis
dc.type doc-type:workingPaper


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أعرض تسجيلة المادة بشكل مبسط