Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/212157 
Erscheinungsjahr: 
2009
Schriftenreihe/Nr.: 
Bank of Finland Research Discussion Papers No. 36/2009
Verlag: 
Bank of Finland, Helsinki
Zusammenfassung: 
We examine the connection between the number of bank relationships and firms performance using a unique data set on Italian small firms for which banks are a major source of financing. Our evidence indicates that return on equity and return on assets decrease as the number of bank relationships increases, the effects being stronger for small firms than for large firms. We also find that the ratio of interest expense to assets increases as the number of relationships increases. Particularly for small firms, these results are consistent with finding that suggest that having fewer bank relationships reduces the information asymmetries and agency problems and outweighs the hold-up problems.
Persistent Identifier der Erstveröffentlichung: 
ISBN: 
978-952-462-567-8
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
958.21 kB





Publikationen in EconStor sind urheberrechtlich geschützt.