He, Zhongda; Qiao, Guannan; Zhang, Le; Zhang, Wenrui - 2021
association is more pronounced when firms have lower credit quality, when the relationships between firms and banks are less …. We find that loans issued by banks in economies with more powerful supervisors have higher spreads. The positive … established, when syndicate loans involve fewer lenders, and when lead banks have a riskier profile. Further analyses reveal that …