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来源类型Working Paper
规范类型报告
DOI10.3386/w28767
来源IDWorking 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
URLhttps://www.nber.org/papers/w28767
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/586441
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GB/T 7714
Kilian Huber. Are Bigger Banks Better? Firm-Level Evidence from Germany. 2021.
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