ffnd such effects for bank connections to acquirer advisors or for trades in acquirer stocks. Target advisors benefit from …

Ongoing financial innovation and greater information availability increase the tradability of bank assets and reduce … banks' dependence on individual bank managers as private information in the lending process declines. In this paper we argue … bank managers and shareholders becomes less severe. Consequently, banks' capital structure needs to be less concerned with …

find such effects for bank connections to acquirer advisors or for trades in acquirer stocks. Target advisors benefit from …

exploit the 2008 Global Financial Crisis and merge unique supervisory data from the German credit register on individual bank …-ante persistent equity position held by a bank in a firm is associated with a larger credit provision from the respective bank to that … weak banks. This ex-ante risk-taking may be due to better (insider) information by the bank, including a traditional …

liquidity. Our analysis is based on a daily panel of unsecured overnight loans between 1,079 distinct German bank pairs from … after controlling for search frictions as well as a large set of (time-varying) bank and bank-pair control variables and …-the-counter interbank market, our results establish that bank-pair relationships have a significant impact on interbank credit availability …

charged already higher interest rates to their borrowers after controlling for other bank specific characteristics and general …

liquidity. Our analysis is based on a daily panel of unsecured overnight loans between 1,079 distinct German bank pairs from … after controlling for search frictions as well as a large set of (time-varying) bank and bank-pair control variables and …-the-counter interbank market, our results establish that bank-pair relationships have a significant impact on interbank credit availability …

Ongoing financial innovation and greater information availability increase the tradability of bank assets and reduce … banks' dependence on individual bank managers as private information in the lending process declines. In this paper we argue … bank managers and shareholders becomes less severe. Consequently, banks' capital structure needs to be less concerned with …