Fiordelisi, Franco; Monferrà, Stefano; Sampagnaro, Gabriele - In: Journal of Financial Services Research 46 (2014) 3, pp. 295-315
We analyse whether relationship lending reduces borrowers’ probability of default and, if so, whether this beneficial effect also applies to borrowers who are more exposed to the economic downturn. By using unique, matched data of 43,000 firms and their lending institutions between 2008 and...
