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- Wirtschaftswissenschaften (88) (remove)
Reliable information on small- and medium-sized enterprises (SMEs) is rare and costly for financial intermediaries. Therefore relationship banking is often considered as the appropriate lending technique. In this paper we offer a theoretical model to analyze relationship banking and the pricing behavior of banks in a Bertrand competition framework with monitoring costs. We show that the lack of reliable information leads to comparable high interest rates even if a long-term relationship between borrower and bank exists. The paper offers a theoretical explanation why SMEs often are faced with borrowing constraints.
Multiperspektivischer Ansatz zur systemorientierten Gestaltung adaptiver Wertschöpfungsnetzwerke
(2006)
Aktives kommunales Debt Management in Deutschland : ein bisher vernachlässigtes Sparpotenzial
(2006)
China, as being the largest foreign direct investment (FDI) host country in the world and the leading developing country in terms of volume of FDI inflows, has been increasingly attracting international attention from companies and policy makers. As more and more German manufacturing companies move into China, the investment is becoming larger in size and of higher quality. In the meantime, issues of the motives and nature of German FDI in China and related technological activities are developed to a more important topic for both Chinese and overseas researchers. This paper aims at the analysis and explanation of FDI movement driven by German companies in China and the role of technology hereby. Our research includes a literature review, a database analysis and a mail survey on German firms investing in China. Different indicators suggest that the motives for German FDI are long-term based and are deeply market-oriented, which can be characterised through seeking new markets and enlarging market shares. Technology transfer is therefore mainly dedicated to production and managerial facilities.