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Lending to Small and Medium-Sized Firms: Is There an East-West Gap in Germany?

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  • Erik Lehmann
  • Doris Neuberger

    ()

  • Solvig R”thke

Abstract

The financing of small and medium-sized firms is important for the catching-up of the East German to the West German economy since reunification. We explore whether it is restricted by unfavorable bank loan terms, using bank-survey data on lending decisions to small and medium- sized firms. A comparison of the terms of lending between the former East German and West German states yields a lending gap given by higher loan prices and collateral requirements in East Germany. This gap can be explained by differences in credit risks and lending strategies of banks.

Suggested Citation

  • Erik Lehmann & Doris Neuberger & Solvig R”thke, 2004. "Lending to Small and Medium-Sized Firms: Is There an East-West Gap in Germany?," Small Business Economics, Springer, vol. 23(1), pages 23-39, August.
  • Handle: RePEc:kap:sbusec:v:23:y:2004:i:1:p:23-39
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    References listed on IDEAS

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