Inter-Market Competition and Bank Loan Spreads: Evidence from The Securities Offering Reform
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DOI: 10.1016/j.jbankfin.2018.07.008
Abstract: I provide evidence of a new mechanism by which access to public securities mitigates the bank hold-up problem and reduces loan spreads – it increases a borrower's bargaining power vis-a-vis a lender by offering a… read more here.
Keywords: loan; bank loan; evidence; public securities ... See more keywords