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We study how a bank's equity stake in a borrowing firm affects lending to that firm. Similar to prior papers, we find a positive association between a bank's equity stake in a borrowing firm and lending to that firm. While such a positive cross-sectional correlation may be due to equity stakes...
Persistent link: https://www.econbiz.de/10012905251
Several papers find a positive association between a bank's equity stake in a borrowing firm and lending to that firm. While such a positive cross-sectional correlation may be due to equity stakes benefiting lending, it may also be driven by endogeneity. To distinguish the two, we study a German...
Persistent link: https://www.econbiz.de/10012920743
Several papers find a positive association between a bank's equity stake in a borrowing firm and lending to that firm. While such a positive cross-sectional correlation may be due to equity stakes benefiting lending, it may also be driven by endogeneity. To distinguish the two, we study a German...
Persistent link: https://www.econbiz.de/10013210466
Persistent link: https://www.econbiz.de/10011967231
Several papers find a positive association between a bank's equity stake in a borrowing firm and lending to that firm. While such a positive cross-sectional correlation may be due to equity stakes benefiting lending, it may also be driven by endogeneity. To distinguish the two, we study a German...
Persistent link: https://www.econbiz.de/10011820943
Persistent link: https://www.econbiz.de/10014002197
rents already. Thus our results suggest that in the bank-dominated financial system of Germany, in which banks intensely …
Persistent link: https://www.econbiz.de/10003313023
Persistent link: https://www.econbiz.de/10003812513
not sufficiently restrain monopoly rents already. Thus, our results suggest that in Germany's bank-dominated financial … households' deposits, a high level of household financial market participation might be beneficial. -- financial intermediaries …
Persistent link: https://www.econbiz.de/10002917590
rents already. Thus our results suggest that in the bank-dominated financial system of Germany, in which banks intensely …
Persistent link: https://www.econbiz.de/10003079140