Ivashina, Victoria; Nair, Vinay B.; Saunders, Anthony; … - In: Review of Financial Studies 22 (2009) 1, pp. 41-77
In this paper, we investigate the disciplining role of banks and bank debt in the market for corporate control. We find … that relationship bank lending intensity and bank client network have positive effects on the probability of a borrowing … bank. Moreover, we utilize an experiment to show that the effects of relationship bank lending intensity on takeover …