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competition on bank orientation - i.e., the choice of relationship based versus transactional banking. We empirically investigate … the impact of interbank competition on bank branch orientation. We employ a unique data set containing detailed … information on bank-firm relationships. We find that bank branches facing stiff local competition engage considerably more in …
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​Who gains from inter-corporate credit? To answer this question we investigate the reactions of the stock prices of both the issuing and receiving firms to the announcements of 719 inter-corporate loans that took place between 2005 and 2012 in China. We find that the average abnormal return...
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