Berndt, Antje; Gupta, Anurag - 2008
Over the last two decades, bank credit has evolved from the traditional relationship banking model to an originate … show that the borrowers whose loans are sold in the secondary market underperform other bank borrowers by between 8% and 14 … mortgage crisis, and/or the severance of the bank-borrower relationship allows the borrowers to undertake suboptimal investment …