Bank Relationship and Firm Performance: Evidence From Thailand Before the Asian Financial Crisis

@inproceedings{Limpaphayom2004BankRA,
  title={Bank Relationship and Firm Performance: Evidence From Thailand Before the Asian Financial Crisis},
  author={Piman Limpaphayom and Sirapat Polwitoon},
  year={2004}
}
Abstract: This study examines the relation between bank relations and market performance in Thailand, an economy in which commercial banks play a crucial role through lending relationship and, for a number of companies, equity ownership. Overall, bank relationships, both equity-based and debt-based, positively affect capital investment. However, there is a negative relation between lending relationships, both short-term and long-term, and market performance indicating that bank lending may not… CONTINUE READING

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