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Contribution Details
| Type | Journal Article |
| Scope | Discipline-based scholarship |
| Title | Bank relationships and firm profitability |
| Organization Unit | |
| Authors |
|
| Item Subtype | Original Work |
| Refereed | Yes |
| Status | Published in final form |
| Language |
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| Journal Title | Financial Management |
| Publisher | Wiley-Blackwell Publishing, Inc. |
| Geographical Reach | international |
| ISSN | 0046-3892 |
| Volume | 30 |
| Number | 1 |
| Page Range | 9 - 34 |
| Date | 2001 |
| Abstract Text | This paper 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. We investigate this empirical implication using a data set containing virtually all Norwegian publicly listed firms for the period 1979-1995. We find a robust and economically relevant negative two-way correspondence between the number of relationships and sales profitability. We also find that firms replacing a single relationship are on average smaller and younger than those firms choosing not to replace a single relationship. |
| Free access at | Official URL |
| Related URLs | |
| Digital Object Identifier | 10.2307/3666389 |
| Other Identification Number | merlin-id:11795 |
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