RT Journal Article
SR Electronic
A1 Fidrmuc, Jarko
A1 Schreiber, Philipp
A1 Siddiqui, Martin
T1 Intangible Assets and the Determinants of a Single Bank Relation of German SMEs
JF European Journal of Business Science and Technology
YR 2018
VO 4
IS 1
SP 5
OP 30
DO 10.11118/ejobsat.v4i1.130
UL https://ejobsat.cz/artkey/ejo-201801-0001.php
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.