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I identify the effects of personal relationships on loan contracting using executive deaths and retirements at other firms as a source of exogenous variation in executive turnover. After plausibly-exogenous turnover, borrowers choose lenders with which their new executive's have personal...
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profitably ahead of events when they are the main lender (or relationship bank) for the borrower. Specifically, we show that … unscheduled earnings events, M&A transactions, and after borrower obtain new bank loans. Our results suggest that lending …
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It is well recognized that relationship banking helps to relieve the credit constraints faced by SMEs to access bank … social capital factors, and the styleof the bank-borrowerrelationship. Along with bank, firm, and market factors, trust …
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branchenspezifische Besonderheiten analysiert und sowohl das Systemvertrauen als auch das der Kunde-Bank-Beziehung immanente personale …
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