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This study investigates whether fluctuations in credit supply in a macroeconomy and a relational bank's financial … effects of credit market tightness are more evident for small firms. Examining firm-bank matched data, we also find that … suggesting that a bank's financial weakness places the leverage of relationship firms into a suboptimal level for a long period …
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Analyses of zombie firms have emphasised the role of bank financing as the reason for zombie survival. This conclusion … between zombie survival and bank financing; this result is robust to various measurement and specification issues. Instead, a …
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