Intangible Assets and the Determinants of a Single Bank Relation of German SMEs
We focus on the determinants and potential benefits of relationship banking. Based on the existing literature and the unique role intangible assets play regarding firms' capital structure, we test two hypotheses using rich data on firm-bank relationships in Germany. We show that firstly, a high...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Mendel University, Brno
2018-07-01
|
| Series: | European Journal of Business Science and Technology |
| Subjects: | |
| Online Access: | https://ejobsat.cz/artkey/ejo-201801-0001_intangible-assets-and-the-determinants-of-a-single-bank-relation-of-german-smes.php |
| Summary: | We focus on the determinants and potential benefits of relationship banking. Based on the existing literature and the unique role intangible assets play regarding firms' capital structure, we test two hypotheses using rich data on firm-bank relationships in Germany. We show that firstly, a high share of intangible assets does not worsen the access of firms to debt financing. And secondly, firms with a high share of intangible assets are statistically significantly more likely to choose an exclusive and persistent bank relation. |
|---|---|
| ISSN: | 2336-6494 2694-7161 |