search query: @indexterm norway / total: 410
reference: 181 / 410
Author: | Degryse, H. Ongena, S. |
Title: | Bank relationships and firm profitability |
Journal: | Financial Management
2001 : SPRING, VOL. 30:1, p. 9-34 |
Index terms: | Financial management Banks Profitability Performance appraisal Norway |
Language: | eng |
Abstract: | The article examines how bank relationships affect firm performance. An empirical implication of recent theoretical models is that firms maintaining multiple bank relationships are less profitable than their single-bank peers. The authors investigate this empirical implication using a data set containing virtually all Norwegian publicly listed firms for the period 1979-1995. They find a robust and economically relevant negative two-way correspondence between the number of relationships and sales profitability, and that firms replacing a single relationship are on average smaller and younger than those firms choosing no to replace a single relationship. |
SCIMA