Jiménez, Gabriel; Lopez, Jose A.; Saurina, Jesus - In: Review of Financial Studies 22 (2009) 12, pp. 5069-5098
Since bank credit lines are a major source of corporate funding, we examine the determinants of their usage with a comprehensive database of Spanish corporate credit lines. A line's default status is a key factor driving its usage, which increases as firm financial conditions worsen. Firms with...