Presbitero, Andrea Filippo; Zazzaro, Alberto - Money and Finance Research group (Mo.Fi.R.) - 2009
Recent empirical findings by Elsas (2005) and Degryse and Ongena (2007) document a U-shaped effect of market concentration on relationship lending whichvcannot be easily accommodated to the investment and strategic theory of relationship lending. In this paper, we show that this non-monotonicity...