BERTRAND, MARIANNE; SCHOAR, ANTOINETTE; THESMAR, DAVID - In: Journal of Finance 62 (2007) 2, pp. 597-628
We investigate how the deregulation of the French banking industry in the 1980s affected the real behavior of firms and the structure and dynamics of product markets. Following deregulation, banks are less willing to bail out poorly performing firms and firms in the more bank-dependent sectors...