Lending relationships in Germany – Empirical evidence …ftp.zew.de/pub/zew-docs/dp/dp2198.pdf ·...
Transcript of Lending relationships in Germany – Empirical evidence …ftp.zew.de/pub/zew-docs/dp/dp2198.pdf ·...
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®rms in our sample. In particular, we use the logarithm of age and size, indi-cator variables describing whether the ®rm experienced ®nancial distress, legalform dummy variables, employment growth, dummy variables indicating achange in legalblTj 1.155 0e0 Tlr2Gne-31.617651.155 0 TDhipria
er in blTj 1 0.992.712 0 TD (atwoe)Tj 1.049 0 TD balanc-33.096 705.155 0 TDheeploy bleia tindicating er th'ariaer age
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aD (th'aria)Tj 69627 0 TD qua(er)Tj 2.601 0 lity.Tj 1.153.141 0 TDTD (er)Tj535.155 0 Tlog(duthmj 1.66155 0e0 Tlricstress)9.162 0 TD tranariaerIn er
ineloy er er dumtor
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aablTj 1.155 0e0 Tlr(ank,Tj 2 76662 0 TD ablTj 1.155 0e0 Tlrzeroe)Tj 1141.223 0 ToTD wria
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iner er in encyj 1.6613.162 0 TDreD 7ecploy aconcentraj 1.66155 0e0 TlrtelTj 1.1733.141 0decisioloyer in In oulria er in
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