PT  - JOURNAL ARTICLE
AU  - Fidrmuc, Jarko
AU  - Schreiber, Philipp
AU  - Siddiqui, Martin
TI  - Intangible Assets and the Determinants of a Single Bank Relation of German SMEs
DP  - 2018 Jul 31
TA  - European Journal of Business Science and Technology
PG  - 5--30
VI  - 4
IP  - 1
AID - 10.11118/ejobsat.v4i1.130
IS  - 23366494
AB  - We focus on the determinants and potential benefits of relationship banking. Based on the existing literature and the unique role intangible assets play regarding firms' capital structure, we test two hypotheses using rich data on firm-bank relationships in Germany. We show that firstly, a high share of intangible assets does not worsen the access of firms to debt financing. And secondly, firms with a high share of intangible assets are statistically significantly more likely to choose an exclusive and persistent bank relation.