Whether the bank-firm relationship and political connections are the substitutes, or the complements is the well-researched question on an empirical research level on credit availability. This paper studies the influences of the bank-firm relationship and political connection on firm's access to...

This paper investigates the effects of political connections and local corruption on the structures of firms' bank pools. Using a manually collected data set of 389 listed Vietnamese companies in 2013, it finds that politically connected firms tend to establish their main bank relationships with...

This study analyzes the structure of firms' bank pools in emerging economies characterized by corruption. In the proposed theoretical model, firm managers maximize an expected utility function that depends on both firm value and personal consumption. According to the weight they assign to each...