Ongena, Steven; Pinoli, Sara; Rossi, Paola; Scopelliti, … - 2020
power with banks. Issuer firms also reduce the amount of used bank credit, expand their total and fixed assets, and raise … regulatory reform which allowed unlisted firms to issue minibonds. Using the Italian Credit Register, we compare new loans … lower interest rates on bank loans of the same maturity than non-issuer firms, suggesting an improvement in their bargaining …
