Reis, Pedro M. Nogueira; Pinto, António Pedro Soares - In: International Journal of Financial Studies : open … 10 (2022) 4, pp. 1-29
This paper investigates how bank characteristics (market share, principal shareholders, profitability, and size), and … by company size. Our findings allowed us to observe the crucial negative role of multiple bank relations, but only on the … returns of small companies. A decrease in bank relations led to an increase in debt cost and reduced leverage across larger …