Bank capital, borrower power, and loan rates
We examine how bank capital and borrower bargaining power affect loan spreads. Consistent with previous studies, higher bank capital has a negative impact on loan rates, but borrower cash flow has a significant effect on this impact: Compared with high-capital banks, low-capital banks charge more fo...
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| Format: | article |
| Language: | eng |
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2020
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| Online Access: | http://hdl.handle.net/10362/99407 |
| Country: | Portugal |
| Oai: | oai:run.unl.pt:10362/99407 |