because it reflects special liquidity benefits of bank debt. Even aside from neglecting the systemic damage to the economy …

it reflects special liquidity benefits of bank debt. Even aside from neglecting the systemic damage to the economy that …

We examine the nature of impact of national culture on bank leverage using a broad sample of 1,701 banks from 79 … countries, over the period 2000-2013, i.e., 18,996 bank-year observations. We find that banks in countries with high … long-term orientation have less leverage. Notably, bank size substantially moderates these cultural effects. Our findings …

conversion on the risk-taking behaviour of the issuing bank. We also test for regulatory arbitrage: do banks try to maintain risk …

access to the public debt market face decreased leverage and investment, accompanied by decreased bank debt, compared to … debt and are likely to have closer relationships with banks than those with access, it is intriguing that bank … determining debt and investment and that bank-dependent firms faced more underinvestment or uncertainty after the financial crisis …