Abstract

http://ssrn.com/abstract=1511062
 
 

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


Erik E. Lehmann


University of Augsburg - Faculty of Business and Economics

Solvig Rathke


affiliation not provided to SSRN

Doris Neuberger


University of Rostock - Department of Economics

2004

University of Illinois at Urbana-Champaign's Academy for Entrepreneurial Leadership Historical Research Reference in Entrepreneurship

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. (Publication abstract.)

Keywords: Credit risks, Statistical data, Risk assessment, Bank loans, Economic growth, Lending policies, Interest (finance), Regional economies, Credit discrimination, Collateral, Financing

Accepted Paper Series


Not Available For Download

Date posted: November 24, 2009  

Suggested Citation

Lehmann, Erik E. and Rathke, Solvig and Neuberger, Doris, Lending to Small and Medium-Sized Firms: Is There an East-West Gap in Germany? (2004). Small Business Economics, Vol. 23, Issue 1, p. 23-39 2004. Available at SSRN: http://ssrn.com/abstract=1511062

Contact Information

Erik E. Lehmann (Contact Author)
University of Augsburg - Faculty of Business and Economics ( email )
Universitätsstr. 16
Augsburg, 86135
Germany
Solvig Rathke
affiliation not provided to SSRN
No Address Available
Doris Neuberger
University of Rostock - Department of Economics ( email )
Ulmenstr. 69
Rostock, 18057
Germany
+49 381 498 4346 (Phone)
+49 381 498 4341 (Fax)
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