of bank competition on firms' access to finance. They find that low competition, as measured by high values of the Lerner … firms' access to finance. In addition, they find that the impact of competition on access to finance depends on the … information, can mitigate the damaging impact of low competition. But other characteristics, such as high government bank …

This paper examines the impact of product market competition and corporate governance on the cost of debt financing and … competition plays a crucial role in explaining the way a firm's anti-takeover protection affects the cost of debt and the use of …