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: | , , |
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| Format: | Article |
| Language: | English |
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Mendel University, Brno
2018-07-01
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| 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 |
| _version_ | 1818280087606263808 |
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| author | Jarko Firdmuc Philipp Schreiber Martin Siddiqui |
| author_facet | Jarko Firdmuc Philipp Schreiber Martin Siddiqui |
| author_sort | Jarko Firdmuc |
| collection | DOAJ |
| description | 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. |
| first_indexed | 2024-12-12T23:43:39Z |
| format | Article |
| id | doaj.art-9891c76f6b844156b4e0783052ebc0b5 |
| institution | Directory Open Access Journal |
| issn | 2336-6494 2694-7161 |
| language | English |
| last_indexed | 2024-12-12T23:43:39Z |
| publishDate | 2018-07-01 |
| publisher | Mendel University, Brno |
| record_format | Article |
| series | European Journal of Business Science and Technology |
| spelling | doaj.art-9891c76f6b844156b4e0783052ebc0b52022-12-22T00:07:01ZengMendel University, BrnoEuropean Journal of Business Science and Technology2336-64942694-71612018-07-014153010.11118/ejobsat.v4i1.130ejo-201801-0001Intangible Assets and the Determinants of a Single Bank Relation of German SMEsJarko Firdmuc0Philipp Schreiber1Martin Siddiqui2Zeppelin University Friedrichshafen, Germany; Mendel University in Brno, Czech RepublicUniversity of MannheimZeppelin University FriedrichshafenWe 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.https://ejobsat.cz/artkey/ejo-201801-0001_intangible-assets-and-the-determinants-of-a-single-bank-relation-of-german-smes.phprelationship bankingsmebank lendingcapital structureintangible assets |
| spellingShingle | Jarko Firdmuc Philipp Schreiber Martin Siddiqui Intangible Assets and the Determinants of a Single Bank Relation of German SMEs European Journal of Business Science and Technology relationship banking sme bank lending capital structure intangible assets |
| title | Intangible Assets and the Determinants of a Single Bank Relation of German SMEs |
| title_full | Intangible Assets and the Determinants of a Single Bank Relation of German SMEs |
| title_fullStr | Intangible Assets and the Determinants of a Single Bank Relation of German SMEs |
| title_full_unstemmed | Intangible Assets and the Determinants of a Single Bank Relation of German SMEs |
| title_short | Intangible Assets and the Determinants of a Single Bank Relation of German SMEs |
| title_sort | intangible assets and the determinants of a single bank relation of german smes |
| topic | relationship banking sme bank lending capital structure intangible assets |
| url | https://ejobsat.cz/artkey/ejo-201801-0001_intangible-assets-and-the-determinants-of-a-single-bank-relation-of-german-smes.php |
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