Arbeitspapier
Bank-firm relationships and the survival of non-financial firms during the financial crisis 2008-2009
Utilising a unique data set with annual accounts from around 37,000 Danish non-financial firms spanning almost one and a half decade, we offer microeconometric evidence on bankfirm relationships and the survival of firms during the financial crisis 2008-9. Within the framework of accounting-based credit-scoring models we find that the probability of default during the crisis was significantly higher for firms with a “weak” bank than for comparable firms with a “sound” bank– even after controlling for differences in the credit quality of firms. We discuss how to interpret these results in relation to the real effects of financial crisis.
- Sprache
-
Englisch
- Erschienen in
-
Series: ECB Working Paper ; No. 1516
- Klassifikation
-
Wirtschaft
Financial Markets and the Macroeconomy
Banks; Depository Institutions; Micro Finance Institutions; Mortgages
Bankruptcy; Liquidation
- Thema
-
bank-firm relationships
financial crisis
firm survival
probability of default
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Abildgren, Kim
Vølund Buchholst, Birgitte
Staghøj, Jonas
- Ereignis
-
Veröffentlichung
- (wer)
-
European Central Bank (ECB)
- (wo)
-
Frankfurt a. M.
- (wann)
-
2013
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Abildgren, Kim
- Vølund Buchholst, Birgitte
- Staghøj, Jonas
- European Central Bank (ECB)
Entstanden
- 2013
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