Korkeamaki, Timo P.; Rutherford, Matthew W. - In: Journal of Entrepreneurial Finance 11 (2006) 1, pp. 23-38
provide some interesting contrasts to previous studies. In examining the effects of relationship banking on deviations from … industry leverage norms, we find that a close banking relationship is related to a lower leverage, even after controlling for … industry medians, and also that firms with a closer primary banking relationship adhere more closely to industry norms. Counter …