Krivogorsky, Victoria; Grudnitski, Gary; Dick, Wolfgang - In: International Journal of Economics and Business Research 3 (2011) 6, pp. 593-608
for their external funds. In this environment banks have incentives to either monitor or actually manage firms depending …-specific characteristics, we find bank debt is correlated with a firm's accounting performance as measured by return on assets (ROA) and return … debt and ROA. …