01243nas a2200169   4500008004100000245008000041210006900121260000900190300001000199490000700209520067200216653001200888653001700900100002500917700001800942856011300960       2006                        eng d00aFinance, Control and Profitability:  An Evaluation of German Bank Influence0 aFinance Control and Profitability An Evaluation of German Bank I  c2006  a69-880 v593 aBank intermediated finance has been cited frequently as the preferred means for channeling funds from savers to firms. Germany is the prototypical economy where powerful universal banks allegedly exert substantial influence over firms. Despite frequent assertions about the advantages of a bank relation, empirical support is mixed. With a unique dataset and a focus on the fragility/sturdiness of inferences, this paper evaluates German bank influence in terms of three hypotheses: (1) do bank influenced firms enjoy lower finance costs? (No); (2) is bank influence a solution to control problems? (Yes); (3) do bank influenced firms have higher profitability? (No).10aFinance10aOSU-Cascades1 aChirinko, Robert, S.1 aElston, Julie  u/biblio/finance-control-and-profitability-evaluation-german-bank-influence-2