conditional correlations between European bank stock indices. These correlations are used as an indication for the …

for stock corporations. Recent empirical evidence, moreover, suggests that bank shareholders pushed for greater risk …-taking and not managers. This contrast with public view that the bank managers are pushed by aggressive remunerations schemes to …

distributed between inventors and investors. As a result, bank lending for firm R&D has been rare. However, firms can signal the … potential to alter the risk assessment of the firm's main bank. Additionally, we explore heterogeneities in these risk … assessments arising from the industry level and the main bank's portfolio. We test our theoretical predictions for a sample of …