Delis, Manthos D.; Hasan, Iftekhar; To, Thomas Y.; Wu, Eliza - 2022
Using corporate loan facilities and hand-matched information on bank lobbying, we show that borrower performance … improves after receiving credit from lobbying banks. This especially holds for opaque borrowers, about which the lending bank … regulators with valuable borrower information, which results in improved bank-lending supervisory decisions and corporate …