Grunert, J.

power information borrower bargaining power borrower bargaining bargaining power credit sample rating german sample loan spread german measure relationship loan terms effect spread signi model fi rms result signi ficantly default fi ndings lending power 1 table collateral variable default risk management business sme fi nance signi ficant panel mgrat probit banking assessment nancial level ficant finrat study journal ficantly credit ratings power 3 characteristic evidence credit rating nding management skills analysis credit _score grunert number norden proxy evaluation score exper literature power 2 coeff ficient model ii p-value 123 j _score regression manipulation owner scale category skill paper correlation german fi rms nance