No . 83 – January 2000 SWITCHING FROM SINGLE TO MULTIPLE BANK LENDING RELATIONSHIPS : DETERMINANTS AND IMPLICATIONS by

@inproceedings{Farinha2000No8,
  title={No . 83 – January 2000 SWITCHING FROM SINGLE TO MULTIPLE BANK LENDING RELATIONSHIPS : DETERMINANTS AND IMPLICATIONS by},
  author={Lu{\'i}sa A Farinha and Jo{\~a}o A. C. Santos Jo{\~a}o A. C. Santos},
  year={2000}
}
Our results show that the majority of firms borrow for the first time from a single bank, but soon afterwards some of them start borrowing from several banks. Duration analysis shows that the likelihood of a firm substituting a single with multiple relationships increases with the duration of the single relationship and that firms with more growth opportunities and more bank debt are more likely to initiate multiple relationships. Firms with poor performance, too, are more likely to initiate… CONTINUE READING
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