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Contribution Details

Type Journal Article
Scope Discipline-based scholarship
Title Firm industry affiliation and multiple bank relationships
Organization Unit
Authors
  • Steven Ongena
  • Yuejuan YU
Item Subtype Original Work
Refereed Yes
Status Published in final form
Language
  • English
Journal Title Journal of Financial Services Research
Publisher Springer
Geographical Reach international
ISSN 0920-8550
Volume 51
Number 1
Page Range 1 - 17
Date 2017
Abstract Text We explain the number of bank relationships a firm maintains by the number of industries it operates in, analyzing 13,570 listed firms in 18 Eastern European countries. We estimate a variety of stylized models including OLS, Tobit and negative binomial that directly accounts at once for the number of bank relationships. Controlling for many firm characteristics and accounting for all observed and unobserved time-invariant heterogeneity across firms, we find that the number of industries the firm operates in corresponds to a higher number of bank relationships, possibly because banks specialize in certain industries.
Free access at DOI
Digital Object Identifier 10.1007/s10693-015-0237-7
Other Identification Number merlin-id:12890
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