haku: @author Degryse, H. / yhteensä: 7
viite: 5 / 7
| Tekijä: | Degryse, H. Ongena, S. |
| Otsikko: | Bank relationships and firm profitability |
| Lehti: | Financial Management
2001 : SPRING, VOL. 30:1, p. 9-34 |
| Asiasana: | Financial management Banks Profitability Performance appraisal Norway |
| Kieli: | eng |
| Tiivistelmä: | 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