JIANGLI, WENYING; UNAL, HALUK; YOM, CHIWON - In: Journal of Money, Credit and Banking 40 (2008) 1, pp. 25-55
We examine whether lending relationships benefit firms by making credit more available during periods of financial stress. Our main finding is that during the Asian financial crisis of July 1997 through the end of 1998, relationship lending increased the likelihood that Korean and Thai firms...