findings. First, acquiring firms did not gain from their acquisitions. Second, acquirers with stronger bank ties experienced … larger wealth loss than those with weaker bank ties. These results are consistent with the hypothesis that banks played a …

and without close working relationships with their banks in order to gain insights into how bank-firm relationships affect … the information environments for capital market investors. Close bank-firm relationships signal the banks' positive … associations between bank-firm relationships and security analyst activities hold after controlling for the potential correlated …