Hu, Huajing; Lian, Yili - In: Managerial Finance 42 (2016) 6, pp. 569-584
, holding institutional ownership constant, institutional control is positively related to the cost of bank loans, implying that … strong institutional control intensifies conflicts between large shareholders and lenders. Second, institutional holdings are … and institutional control jointly determines the effect of institutional investors on the cost of bank loans. Moreover …