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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w28767 |
来源ID | Working Paper 28767 |
Are Bigger Banks Better? Firm-Level Evidence from Germany | |
Kilian Huber | |
发表日期 | 2021-05-10 |
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 | Macroeconomics ; Consumption and Investment ; Money and Interest Rates ; Financial Economics ; Financial Institutions ; Industrial Organization ; Market Structure and Firm Performance ; Firm Behavior ; History ; Macroeconomic History ; Financial History ; Other History |
URL | https://www.nber.org/papers/w28767 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/586441 |
推荐引用方式 GB/T 7714 | Kilian Huber. Are Bigger Banks Better? Firm-Level Evidence from Germany. 2021. |
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文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w28767.pdf(875KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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