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Corporate leverage and firm-bank relationships: A secular perspective


Ongena, Steven; Braggion, Fabio (2013). Corporate leverage and firm-bank relationships: A secular perspective. London: VoxEU.

Abstract

The depth of the recent financial crisis is often attributed to excessively high leverage of corporations and banks. This column analyses corporate leverage in the long-run, and in particular the shift from bilateral to multilateral firm-bank relationships in the UK. This shift is related to the firms’ use of debt finance, and subsequently to their increased leverage

Abstract

The depth of the recent financial crisis is often attributed to excessively high leverage of corporations and banks. This column analyses corporate leverage in the long-run, and in particular the shift from bilateral to multilateral firm-bank relationships in the UK. This shift is related to the firms’ use of debt finance, and subsequently to their increased leverage

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Additional indexing

Item Type:Scientific Publication in Electronic Form
Communities & Collections:03 Faculty of Economics > Department of Banking and Finance
Dewey Decimal Classification:330 Economics
Language:English
Date:2013
Deposited On:21 Feb 2014 10:21
Last Modified:08 Dec 2017 04:06
Publisher:VoxEU
Free access at:Official URL. An embargo period may apply.
Official URL:http://www.voxeu.org/article/firm-bank-relationships
Other Identification Number:merlin-id:8632

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