- Abstract
- Non-technical summary
- 1 Introduction
- 2 Hypotheses
- 3 Data
- 3.1 Sample of syndicated loans
- 3.2 Sample of lead arranger banks
- 3.3 Sample of borrower fi rms
- 3.4 Bank-fi rm governance links
- 4 Do bank-fi rm links affect the choice oflead arranger bank?
- 4.1 Main results
- 4.2 When are bank links more importantfor directing lending business?
- 4.3 Robustness
- 4.4 Endogeneity
- 5 Do bank-fi rm governance links affectloan pricing and non-pricing terms?
- 5.1 Main results
- 5.2 Endogeneity
- 5.3 Do bank-fi rm governance links affectother non-pricing loan terms? 345.4 Do bank-fi rm links affect loan syndicateconcentration? 346 What is the ex-post loan performance offi rms with bank governance links? 357 Conclusion 36References 38Tables 43Appendix 60Acknowledgement 63European Central Bank Working Paper Series
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