This paper suggests a motive for bank mergers that goes beyond alleged and typically unverifiable scale economies … distress mergers. The data comprise 3640 banks and 1484 mergers. Our results suggest that bank mergers as a means of preemtive …

'relationship' bank and 'arm's-length' banks. We find that firm decisions are asymmetrically influenced by the degree of …

We show that multi-bank loan pools improve the risk-return profile of banks' loan business. Banks write simple …

, small, and innovative firms) have a multitude of bank lenders, where one may be special in the sense of relationship lending …. However, theory does not tell us a lot about the economic rationale for relationship lending in the context of multiple bank … financing. To fill this gap, we analyze the optimal debt structure in a model that allows for multiple but asymmetric bank …

Small and medium-sized firms typically obtain capital via bank financing. They often rely on a mixture of relationship …'s quality and on the relationship bank's information precision. Generally, heterogeneous multiple banking leads to fewer … bank's fraction of total firm debt is not too large. …

ability of a bank to restructure the borrower's firm in the case of distress, the possibility to appropriate private benefits …

Under a new Basel capital accord, bank regulators might use quantitative measures when evaluating the eligibility of …