-enhancing investment in relationship-specific assets by signalling creditworthiness and long-term planning horizon of their borrowers. We … empirically confirm this hypothesis by showing that industries dependent on relationship-specific investment from their suppliers …-specific investment ; growth …

relationship-specific investment. Then we empirically confirm this prediction by showing that industries dependent on relationship …-specific investment from their suppliers grow disproportionately faster in countries with a high level of financial development and in US …