Financial Distress and Bank Lending Relationships

By Sandeep Dahiya, Anthony Saunders, Anand Srinivasan. 2003

220 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/6e724b0c512f023d5da10aff01d5afd1ba3fcef1

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Citations in the corpus

Finance and Innovation: The Case of Publicly Traded Firms (2007, unknown): “Consistent with Dahiya et al. (2003), we choose only lead banks to count the number of lenders.”
Lending Relationships and Loan Contract Terms (2011, unknown): “Thus, our results are robust to the exclusion of big three banks.(26)”
The Private Equity Advantage: Leveraged Buyout Firms and Relationship Banking (2011, unknown): “In a recent paper Demiroglu and James (2008) use a similar approach and find that more reputable LBO firms receive better financing terms, however, they do not identify the source of differential terms.”
Credit Contagion from Counterparty Risk (2009, background): “Our paper is related to Dahiya et al. (2003), who examine the costs and benefits of banking relationships over the period from 1987 to 1996.11 They find a significant negative wealth effect for the shareholders of the lead lending banks on the announcement of bankruptcy and default by borrowers.”
So What Do I Get? The Bank's View of Lending Relationships (2007, background): “Similarly the probability of winning investment banking business (see H3) would also depend on the lender’s reputation in the relevant investment banking product markets.(17) Thus, we need data on lender characteristics.”
Does Poor Performance Damage the Reputation of Financial Intermediaries? Evidence from the Loan Syndication Market (2011, unknown): “Prior research supports this assumption: Dahiya et al. (2003) find that the announcement of bankruptcy or default by a bank’s borrowers has a significant negative effect on its stock price, suggesting that the bankruptcies were not fully anticipated by the market, and are very costly.”