The Value of Lending Relationships

Thomas Ruchti, Andrew Bird, Stephen A. Karolyi and Michael Hertzel

No 24-02, Working Papers from Office of Financial Research, US Department of the Treasury

Abstract: In this paper, the authors estimate, for the first time, the economic value of lenders’ relationships to borrowers (Working Paper no. 24-02).

Keywords: syndicated lending; financial covenants; lending relationships; intangible capital (search for similar items in EconPapers)
Date: 2024-03-05
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