Recovery Rates of Bank Loans: Empirical Evidence for Germany

Grunert, Jens ; Weber, Martin

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URN: urn:nbn:de:bsz:180-madoc-10736
Document Type: Working paper
Year of publication: 2005
The title of a journal, publication series: None
Publication language: English
Institution: Business School > Sonstige - Fakultät für Betriebswirtschaftslehre
MADOC publication series: Lehrstuhl für ABWL, Finanzwirtschaft, insb. Bankbetriebslehre (Weber) > Working Papers
Subject: 330 Economics
Subject headings (SWD): Deutschland , Bank , Rückzahlung , Basler Eigenkapitalvereinbarung <2001>
Abstract: The first aim of this empirical study is to gain insights into the level and distribution of recovery rates of defaulted borrowers at a large German bank, because very little research actually exists for continental Europe. Subsequently, potential influencing factors on the recovery rate, both discussed in the literature and self-defined, are examined and compared to empirical findings in the literature for US banks to illustrate possible country differences due to factors like the insolvency laws, the financing structure of the companies and the composition of the industry classification. The remainder of this paper is organized in the following manner. Section 2 reviews the literature regarding recovery rates of loans. Based on these studies, hypotheses concerning potential influencing factors about the recovery rate are defined in section 3. Subsequently, the description of the data set takes place in section 4. In section 5 information about the level and distribution of recovery rates are described and the postulated hypotheses are tested. Section 6 concludes the paper and suggests avenues for further research.
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