Ivashina, Victoria; Nair, Vinay B.; Saunders, Anthony; … - In: Review of Financial Studies 22 (2009) 1, pp. 41-77
In this paper, we investigate the disciplining role of banks and bank debt in the market for corporate control. We find that relationship bank lending intensity and bank client network have positive effects on the probability of a borrowing firm becoming a target. This effect is enhanced in...
