Ongena, Steven; Roscovan, Viorel - European Central Bank - 2009
bank loans to U.S. firms over the period of 1980- 2003. We find that investors react positively to such announcements if …’s headquarters state. Investor reaction is, in fact, the largest when the bank is foreign. Our evidence suggest that investors value … bank identities and reputation seem to matter a great deal. JEL Classification: G21, G32, H11, D80 …