Kreditvergabe durch Genossenschaftsbanken, Kreditbanken und Sparkassen: Eine empirische Analyse von Förderkrediten für junge, kleine Unternehmen
AbstractIn this paper we examine how German cooperative banks, (non-cooperative) private credit banks and savings banks contribute to the long-term loan financing of young and small firms. Bank loans, especially long-term bank loans, are often used by young and small firms in Germany. We focus on a specific type of loan. The assignment of these loans to firms involves cooperative banks, private credit banks or savings banks. The loans come from public subsidized loan programs and constitute a substantial part of all long-term bank loans to young firms and SME in Germany. We present empirical analyses for the 1990s based on county-level as well as firm-level data. We find that private credit banks did not change their lending to young and small firms during that period. Since the start of the 1990s, they have played only a minor role in start-up and small business lending. Cooperative and savings banks have had, in contrast, a strong, positive influence. One particularly relevant finding is that the lending activities of cooperative and savings banks turn out to be similarly strong and do not differ significantly. Taken together, our results imply that having banks that operate regionally with a decentralized organizational form, but not public ownership, is crucial to the observed lending activities.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Duncker & Humblot, Berlin in its journal Schmollers Jahrbuch.
Volume (Year): 129 (2009)
Issue (Month): 1 ()
Contact details of provider:
Web page: http://www.duncker-humblot.de
Other versions of this item:
- Prantl, Susanne & Almus, Matthias & Egeln, Jürgen & Engel, Dirk, 2008. "Kreditvergabe durch Genossenschaftsbanken, Kreditbanken und Sparkassen: eine empirische Analyse von Förderkrediten für junge, kleine Unternehmen," Discussion Papers, Research Unit: Competition and Innovation SP II 2008-14, Social Science Research Center Berlin (WZB).
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
- G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
- L14 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Transactional Relationships; Contracts and Reputation
- L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
- L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
- L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Comparison of Public and Private Enterprise and Nonprofit Institutions; Privatization; Contracting Out
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Gabriele Freudenmann).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.