'relationship' bank and 'arm's-length' banks. We find that firm decisions are asymmetrically influenced by the degree of …

This paper studies the effects that heterogeneous multiple bank financing has on a firm's risk- and information …-policy, particularly with respect to credit renegotiation efficiency. We find that a significant, yet limited, degree of relationship …

that such heterogeneous multiple bank financing leads to a lower probability of ineefficient credit foreclosure than both … profits, the probability of ineefficient credit-renegotiation is shown to decrease along with the relationship bank …Small and medium-sized firms often obtain capital via a mixture of relationship and arm's-length bank lending. We show …

Using a proprietary database from a large Chinese state-owned bank, we examine whether information evolved from banking … relationships predicts commercial loan default by industrial firms. We find that the bank's relationship information is … relationship. Our findings indicate that, at least in the emerging markets, a bank's relationship information still matters for …

We explore Lithuanian credit register data and two bank closures to provide a novel estimate of firms' bank …-switching costs and a novel identification of the hold-up problem. We show that when a distressed bank's closure forced firms to …' reputational concerns, a healthy bank's closure revealed no overcharging. To policy-makers, our results suggest potential benefits …

Small and medium-sized firms typically obtain capital via bank financing. They often rely on a mixture of relationship … show that the incidence of inefficient credit termination and subsequent firm liquidation is contingent on the borrower …’s quality and on the relationship bank’s information precision. Generally, heterogeneous multiple banking leads to fewer …

We provide evidence that the presence of bankers in the board of directors reduce information asymmetry between credit …

We empirically examine the impact of bank consolidation on bank acquisition of soft information about borrowers. Using …