Author Archives: Danye Wang

Do Institutional Investors Facilitate New Lending Relationships for Portfolio Holdings? – The Case of Equity Cross-Ownership

By | May 19, 2021

Lending relationships between banks and firms present an important dynamic in well-functioning capital markets. Many academic studies in accounting and finance have explored the effects of lending relationships where the focus is on the repeated interaction between a specific bank and a specific firm.[1] However, we still know relatively little about how these banking relationships form in the… Read More »