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| Author: | Dahiya, S. Saunders, A. Srinivasan, A. |
| Title: | Financial distress and bank lending relationships |
| Journal: | Journal of Finance
2003 : FEB, VOL. 58:1, p. 375-399 |
| Index terms: | Bank lending Wealth |
| Freeterms: | Financial distress |
| Language: | eng |
| Abstract: | A unique data set is used to examine the wealth effects of lead lending banks when their borrowers suffer financial distress. A significant negative announcement return is found for the lead lending bank when a major corporate borrower announces default or bankruptcy. Banks with higher exposure to the distressed firm have larger negative announcement-period returns. |
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