Disrupted Lending Relationship and Borrower's Strategic Default

Using a sample of bank loans to firms operating in the Greek tourism sector, and regional variation of tourism activities to identify the strategic defaulted firms, we examine the impact of bank consolidation on the firms’ payment behavior. We show that a merger-induced impairment of the lending rel...

Ausführliche Beschreibung

Bibliographische Detailangaben

Veröffentlicht in:	Journal of financial services research 2023-02, Vol.63 (1), p.91-116
Hauptverfasser:	Avramidis, Panagiotis, Asimakopoulos, Ioannis, Malliaropulos, Dimitris
Format:	Artikel
Sprache:	eng
Schlagworte:	Bank loans Budget constraint Companies Default Economics and Finance Finance Financial Services Macroeconomics/Monetary Economics//Financial Economics Mergers Risk exposure Tourism
Online-Zugang:	Volltext
Tags:	Tag hinzufügen Keine Tags, Fügen Sie den ersten Tag hinzu!