| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP15769 |
| DP15769 Are Bigger Banks Better? Firm-Level Evidence from Germany | |
| Kilian Huber | |
| 发表日期 | 2021-02-05 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | The effects of large banks on the real economy are theoretically ambiguous and politically controversial. I identify quasi-exogenous increases in bank size in postwar Germany. I show that firms did not grow faster after their relationship banks became bigger. In fact, opaque borrowers grew more slowly. The enlarged banks did not increase profits or efficiency, but worked with riskier borrowers. Bank managers benefited through higher salaries and media attention. The paper presents newly digitized microdata on German firms and their banks. Overall, the findings reveal that bigger banks do not always raise real growth and can actually harm some borrowers. |
| 主题 | Economic History ; Financial Economics ; Industrial Organization ; Labour Economics ; Macroeconomics and Growth ; Monetary Economics and Fluctuations |
| 关键词 | Large firms Economies of scale Too big to fail Bank size Bank regulation Financial regulation Firm employment Manager compensation German history |
| URL | https://cepr.org/publications/dp15769 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/544770 |
| 推荐引用方式 GB/T 7714 | Kilian Huber. DP15769 Are Bigger Banks Better? Firm-Level Evidence from Germany. 2021. |
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