ITEM METADATA RECORD
Title: Bank relationships and firm profitability
Authors: Degryse, Hans ×
Ongena, S #
Issue Date: 2001
Publisher: Financial management assoc
Series Title: Financial management vol:30 issue:1 pages:9-34
Abstract: 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.
URI: 
ISSN: 0046-3892
Publication status: published
KU Leuven publication type: IT
Appears in Collections:Research Center of Monetary and Information Economics, Leuven
× corresponding author
# (joint) last author

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